Xin Lang Ji Jin·2025-12-11 05:55Group 1 - The food and beverage sector experienced a decline on December 11, with the Food ETF (515710) down by 0.34% [1][2] - Major consumer goods stocks, particularly some liquor stocks, performed poorly, with Yangyuan Beverage dropping over 5% and others like Jiu Gui Jiu and San Quan Food down more than 2% [1][2] - Conversely, leading liquor brands such as Kweichow Moutai and Wuliangye showed slight gains despite the overall sector downturn [1] Group 2 - Kweichow Moutai and Wuliangye announced interim dividend distributions of approximately 40 billion yuan combined, with Moutai distributing 30 billion yuan and Wuliangye 10 billion yuan [3] - These two companies are the top-weighted stocks in the Food ETF (515710), with respective holdings of 14.89% and 14.65% as of Q3 2025 [3][4] Group 3 - The valuation of the food and beverage sector is currently at a historical low, with the Food ETF's underlying index P/E ratio at 19.99, placing it in the 4.7% percentile over the past decade [4] - Analysts suggest that this may present a good opportunity for left-side positioning in the sector [4] Group 4 - Citic Securities noted that the recent price drop of Moutai is temporarily suppressing sector performance, but potential policy-driven consumption catalysts in December could provide support [5] - The food and beverage sector is showing signs of relative return as market styles shift, with recommendations to focus on stable demand leaders and companies innovating in new products and channels [5] Group 5 - The Food ETF (515710) tracks the CSI sub-index for the food and beverage industry, with approximately 60% of its holdings in high-end and mid-range liquor stocks, and nearly 40% in beverage, dairy, seasoning, and beer leaders [5] - Investors can also consider the Food ETF linked funds (Class A 012548/Class C 012549) for exposure to core assets in the food and beverage sector [5]