白酒板块午盘2107.87点收盘 贵州茅台下跌0.21%

Group 1 - The Shanghai Composite Index rose by 0.93% to 3216.41 points, with the liquor sector closing at 2107.87 points, up 1.42% [1] - Major liquor stocks such as Kweichow Moutai, Wuliangye, and Luzhou Laojiao experienced slight declines, with Kweichow Moutai closing at 1537.84 CNY per share, down 0.21% [1] Group 2 - China Galaxy Securities predicts that as the overall scale of index funds continues to expand, the liquor sector will receive support for capital allocation due to its status as a weighty sector [2] - The allocation of active funds to the liquor sector is on a downward trend, with the market value proportion expected to drop to 4.11% by the end of 2024, significantly lower than the historical peak of 10.12% at the end of 2020 [2] - The current PE-TTM for the liquor sector is at 20 times, which is close to the average historical level minus one standard deviation since 2010, indicating a relatively low valuation [2] - Compared to leading overseas liquor companies, Chinese liquor firms exhibit better growth potential, suggesting a valuation premium for domestic companies [2]