白酒行业获力挺，“买了点茅台！”价值投资人段永平发声

Core Viewpoint - The recent purchase of Kweichow Moutai by investor Duan Yongping has sparked market discussions, despite the ongoing weak performance of the liquor sector, particularly high-end liquor, which is still in a bottoming phase [1][2]. Group 1: Market Performance - Kweichow Moutai's stock has been declining since the beginning of the year, with a year-to-date drop of 5.16%, bringing its market capitalization to 1.78 trillion yuan [3]. - Sales data from the recent National Day and Mid-Autumn Festival indicate a weak fundamental performance for the liquor industry, with an overall expected decline of about 20% [3]. Group 2: Investor Sentiment - Duan Yongping, a well-known value investor, continues to express confidence in Kweichow Moutai's long-term value, emphasizing the importance of patience in holding quality companies [2]. - Despite concerns about consumer trends, such as younger generations drinking less liquor and potential "alcohol bans," Duan argues that the unique brand value of Kweichow Moutai cannot be easily replicated [2]. Group 3: Industry Dynamics - Recent research indicates that while high-end liquor demand is showing weak recovery, mid-range liquor sales are performing better, and overall industry inventory is stabilizing [3]. - The market is expected to gradually enter a phase of healthy recovery, supported by consumption promotion policies [3].