10月CPI同比“转正”提振消费板块，食品饮料ETF天弘(159736)劲升涨超3%，近5日净流入超4500万元！

Core Insights - The food and beverage ETF Tianhong (159736) has seen a 3.25% increase, with significant gains in constituent stocks such as Huanlejia (300997) up 19.98% and Sanyuan (600429) up 10.06% [1] - As of November 7, the latest share count for the food and beverage ETF Tianhong reached 7.968 billion, marking a one-year high [1] - The ETF has experienced continuous net inflows totaling 45.4193 million over the past five days [1] Product Highlights - The food and beverage ETF Tianhong (159736) tracks the CSI Food and Beverage Index, focusing on leading stocks in high-end and mid-range liquor, as well as key players in beverages, dairy, condiments, and beer [1] Market Trends - The new consumption sector in Hong Kong is showing strength, with brands like Hushang Ayi seeing over 10% growth and entering the "10,000 store club" with 10,739 locations [2] - Hushang Ayi has announced a limited-time subsidy policy for new store openings, offering up to 50,000 yuan [2] Economic Indicators - The National Bureau of Statistics reported a 0.2% month-on-month increase in the Consumer Price Index (CPI) for October, with a year-on-year increase of 0.2% [3] - The Producer Price Index (PPI) also saw a 0.1% month-on-month increase, marking its first rise of the year [3] Institutional Perspectives - According to Open Source Securities, the food and beverage industry is expected to recover in 2026, with consumer resilience and economic activity boosting business consumption [4] - The white liquor sector is currently in a deep adjustment phase, with demand decline affecting company performance, but there is potential for gradual recovery [4] - The report suggests focusing on growth-oriented snack sectors and emphasizes the importance of new channels and healthy product attributes for future investments [4]