“i茅台”多款茅台酒今日开售！吃喝板块震荡盘整，机构高呼板块进入左侧布局阶段

Core Viewpoint - The food and beverage sector continues to experience a pullback, with the Huabao Food and Beverage ETF (515710) showing a decline of 0.34% as of the latest update, primarily driven by significant drops in the liquor segment [1][8]. Group 1: Market Performance - The Huabao Food and Beverage ETF opened with a brief rise before turning negative, reflecting a broader downturn in the food and beverage sector [1][8]. - Key stocks in the liquor category, such as Shui Jing Fang and Jiu Gui Jiu, have seen declines exceeding 2%, contributing to the overall negative performance of the sector [1][8]. Group 2: Product Launches - Starting January 15, multiple products from Guizhou Moutai will be available for purchase on the iMoutai app, including various versions of Moutai liquor [3][10]. - Specific products include the 53% vol 500ml Moutai liquor, which will be released on the 15th and subsequently on the 9th, 19th, and 29th of each month [10]. Group 3: Valuation Insights - The food and beverage sector is currently at a historical low in terms of valuation, with the price-to-earnings ratio of the underlying index for the Huabao ETF at 20.07, placing it in the 5.68% percentile of the last decade [3][10]. - This low valuation suggests a potential opportunity for left-side positioning in the sector [3][10]. Group 4: Future Outlook - Analysts from CITIC Securities indicate that the liquor industry may be approaching a turning point, with expectations of a recovery coinciding with the upcoming Spring Festival [4][11]. - The market is expected to stabilize as inventory levels decrease and pricing policies are implemented by liquor companies [4][11]. Group 5: Investment Strategy - The Huabao Food and Beverage ETF is recommended for investors looking to gain exposure to core assets in the food and beverage sector, with approximately 60% of its portfolio allocated to leading high-end and mid-range liquor stocks [12]. - The ETF also includes significant positions in beverage, dairy, and seasoning sectors, with top holdings featuring major brands like Moutai and Yili [12].