KWEICHOW MOUTAI(SH:600519) Sou Hu Cai Jing·2026-01-05 02:21Core Viewpoint - The food and beverage sector is experiencing a significant upward trend, with the Huabao Food and Beverage ETF (515710) showing a price increase of 0.86% as of the report date, driven by strong performances from major liquor brands and other consumer goods [1][4]. Group 1: Market Performance - The food and beverage ETF Huabao (515710) is showing a steady increase, with a current price rise of 0.86% [1]. - Key stocks in the sector include Dongpeng Beverage, which surged over 3%, and other notable brands like Guizhou Moutai and Yanjing Beer, both rising over 2% [1][4]. - The overall valuation of the food and beverage sector is at a historical low, with the ETF's underlying index PE ratio at 19.75 times, placing it in the 2.94% percentile of the last decade [4]. Group 2: Company-Specific Developments - Guizhou Moutai has launched its official app "i Moutai," selling its flagship product at 1499 yuan, which has seen high demand with over 100,000 users purchasing within three days [2][4]. - On January 4, Guizhou Moutai announced a share buyback of approximately 87,100 shares, representing 0.007% of its total share capital, with a total expenditure of about 120 million yuan [3][4]. - Guizhou Moutai is the largest holding in the Huabao ETF, accounting for 14.89% of the fund's portfolio as of Q3 2025 [4]. Group 3: Future Outlook - Analysts suggest that the white liquor industry is nearing a bottom, with major companies like Moutai and Wuliangye implementing market-driven pricing adjustments [4]. - The current low valuations in the white liquor sector present a potential opportunity for investment, as market expectations are low and the fundamental conditions are stabilizing [4]. - The outlook for the white liquor sector in 2026 is optimistic, with expectations of a gradual recovery in valuations as the industry undergoes consolidation [4].