Xin Lang Ji Jin·2025-09-22 12:03Group 1 - The food and beverage sector is experiencing a pullback, with the Food ETF (515710) showing a significant decline of 1.43% at the close, and individual stocks like Dongpeng Beverage and Shede Liquor dropping over 3% [1][3] - Despite the recent downturn, the Food ETF has seen net inflows of 69.18 million yuan over the last five trading days, indicating continued investor interest [3][4] - The white liquor sector is under demand pressure, but there are signs of improvement in sales performance as the Mid-Autumn Festival and National Day approach, suggesting a potential recovery in the market [3][5] Group 2 - The current valuation of the food and beverage sector is at a low point, with the food index's price-to-earnings ratio at 20.74, which is in the 7.06% percentile of the last decade, indicating a good time for long-term investment [4][5] - The government’s advocacy for reducing competition is expected to stabilize prices and support high-quality development, which may lead to a recovery in the liquor sector [5][6] - The white liquor sector is entering a peak season, with signs of improved sales and inventory reduction, suggesting that the bottoming out of the sector may present investment opportunities [6][7]