KWEICHOW MOUTAI(SH:600519) Xin Lang Ji Jin·2025-09-28 13:48Group 1 - The food and beverage sector experienced fluctuations on September 26, with the Food ETF (515710) closing down 0.16% [1] - Within the sector, liquor stocks, particularly Moutai, showed significant declines, with brands like Shede and Luzhou Laojiao dropping over 2% and 1% respectively [1] - Moutai's market performance is improving, with terminal sales showing a month-on-month increase of approximately 100% and a year-on-year growth exceeding 20% [1][3] Group 2 - The wholesale price of Feitian Moutai has increased, with the 2025 original box price rising to 1820 yuan per bottle, reflecting a daily increase of 30 yuan [3] - Analysts suggest that the liquor sector is in a bottoming phase, with negative factors becoming market consensus, while positive catalysts may lead to valuation recovery [3][4] - The food and beverage sector's valuation remains low, with the Food ETF's underlying index PE ratio at 20.27, indicating a favorable long-term investment opportunity [3][5] Group 3 - The liquor sector is expected to face sales pressure during the upcoming Mid-Autumn Festival and National Day, but the worst phase of the industry's fundamentals is believed to have passed [4][5] - Institutions recommend focusing on high-end and resilient regional liquor brands as well as next-tier liquor that has experienced significant price drops [4] - The Food ETF (515710) is highlighted as a core asset for investment in the food and beverage sector, with a significant portion of its holdings in leading liquor brands [5]