20只白酒股下跌 贵州茅台1429.00元/股收盘

Core Viewpoint - The overall market experienced a decline, with the Shanghai Composite Index dropping by 0.41% to 3960.19 points, and the liquor sector also faced a downturn, closing down 0.53% at 2283.52 points, with 20 liquor stocks declining [1] Company Performance - Kweichow Moutai closed at 1429.00 CNY per share, down 0.42% - Wuliangye closed at 117.16 CNY per share, down 1.53% - Shanxi Fenjiu closed at 188.90 CNY per share, down 2.18% - Luzhou Laojiao closed at 133.10 CNY per share, down 1.44% - Yanghe Brewery closed at 70.56 CNY per share, down 0.48% [1] Supply and Demand Analysis - On the supply side, liquor companies are continuing to optimize supply through inventory reduction and price stabilization, with Q3 reports showing accelerated clearing and ongoing risk release - On the demand side, liquor wholesale prices and sales are stabilizing at low levels [1] Valuation Insights - The valuation of the liquor sector, market expectations, and institutional holdings are at historical lows - Leading companies like Moutai, Wuliangye, Luzhou Laojiao, and Yanghe have set benchmarks in dividends, with low valuations and high dividend yields supporting absolute return opportunities in the liquor sector [1]