KWEICHOW MOUTAI(SH:600519) 2 1 Shi Ji Jing Ji Bao Dao·2025-10-15 02:37Group 1 - The A-share market indices collectively rose in early trading on October 15, with the Tianhong Food and Beverage ETF (159736) increasing by 0.28% and trading volume exceeding 11 million yuan [1] - The Tianhong Food and Beverage ETF closely tracks the CSI Food and Beverage Index, which selects stocks from the beverage, packaged food, and meat industries, including major companies like Kweichow Moutai and Yili [1] - Notable stocks within the ETF saw significant gains, with Yanjinpuzi rising nearly 6%, and other stocks like Baba Foods, Jindawei, and Bairun shares also experiencing upward movement [1] Group 2 - Guojin Securities suggests focusing on left-side allocation opportunities in the liquor sector, noting that while valuations have improved since late June, this is primarily due to liquidity improvements rather than fundamental enhancements [2] - The report indicates that the liquor sector is experiencing a gradual release of apparent performance pressure, with expectations of overseas interest rate cuts and improved seasonal sales feedback [2] - The current period is seen as a favorable policy window, leading to a positive outlook on the allocation value of the liquor sector [2]