KWEICHOW MOUTAI(SH:600519) 2 1 Shi Ji Jing Ji Bao Dao·2025-12-29 02:19Group 1 - The A-share market showed mixed performance on December 29, with the China Securities Food and Beverage Index down by 0.59%. Notable gainers included Baba Food, which rose over 3%, along with Jingliang Holdings, Ganyuan Foods, and Guotou Zhonglu [1] - The Tianhong Food and Beverage ETF (159736) recorded a trading volume exceeding 3.2 million yuan, with a premium rate of 0.06% during the initial trading phase. The average daily trading volume for this ETF from December 22 to December 26 was 15.35 million yuan [1] - The Tianhong Food and Beverage ETF tracks the China Securities 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. The top ten weighted stocks include Moutai, Wuliangye, Luzhou Laojiao, and Yili [1] Group 2 - Moutai Group's Chairman Chen Hua addressed concerns regarding Moutai's pricing on December 28, emphasizing the need for reasonable pricing and market-driven reforms to respect economic laws and consumer choices. He highlighted the importance of maintaining a balance between supply and demand to prevent market volatility [2] - Guizhou Rural Credit Cooperative has officially established Guizhou Rural Commercial Bank, with China Guizhou Moutai Distillery (Group) Co., Ltd. investing 1 billion yuan for a 9.562% stake [2] - According to Shenwan Hongyuan, if the fundamentals of the liquor market recover as expected, a dual impact on valuation and performance is anticipated by the end of 2026 to 2027. This suggests that long-term investors can start pricing high-quality companies, which are currently in a strategic allocation phase [2]