估值洼地待填平？吃喝板块继续寻底，白酒、大众品集体下探！机构：板块底部机会值得珍视

Group 1 - The food and beverage sector continues to experience a pullback, with the Food ETF (515710) showing a slight decline of 0.33% by the end of the trading day [1] - Major consumer goods have seen significant declines, with leading liquor brands also performing poorly; for instance, Yanjinpuzi dropped by 6.22% and Chengde Lulu fell by 3.26% [3] - Historical data suggests that stock prices often bottom out before the fundamentals do, indicating that the pessimistic expectations for the liquor industry may have been over-reflected in current stock prices, making valuations attractive for long-term investors [3][4] Group 2 - The liquor sector is expected to benefit from government policies aimed at reducing competition, which may help stabilize prices and promote high-quality development, enhancing market expectations for future economic growth [4] - Current valuations in the liquor sector are low, and there are opportunities for recovery as sales and financial reports gradually improve [4][5] - Analysts recommend focusing on leading companies with stable demand and strong risk management, as well as those actively exploring new products and channels [5][6] Group 3 - The Food ETF (515710) tracks the sub-index of the food and beverage industry, with approximately 60% of its holdings in leading high-end and mid-range liquor stocks, and nearly 40% in beverage, dairy, seasoning, and beer sectors [6]