KWEICHOW MOUTAI(SH:600519) Xin Lang Ji Jin·2026-02-04 03:09Core Viewpoint - The food and beverage sector continues to strengthen, with the Huabao Food and Beverage ETF (515710) showing positive performance, particularly in the liquor and consumer goods segments [1][3]. Group 1: Market Performance - The Huabao Food and Beverage ETF opened with fluctuations and reached a maximum intraday increase of 1.19%, closing up by 0.68% [1]. - Key stocks in the sector, including New Dairy and Yanjing Beer, saw increases of over 3%, while Guizhou Moutai, Shanxi Fenjiu, and Luzhou Laojiao rose by more than 1% [1][3]. Group 2: Company Announcements - Guizhou Moutai announced that as of January 31, 2026, it had repurchased approximately 420,000 shares, accounting for 0.0333% of its total share capital, with a total expenditure of about 571 million yuan [1]. Group 3: Industry Outlook - According to Guosen Securities, Moutai is expected to maintain a steady price increase and improve sales during the Spring Festival, laying a foundation for annual operations [3]. - The food and beverage sector is currently at a historical low in terms of valuation, making it a favorable time for investment [3]. - The upcoming Spring Festival is anticipated to boost demand for food and beverage products, with a low performance baseline expected in Q1 2026 [6]. Group 4: Investment Opportunities - The Huabao Food and Beverage ETF tracks the CSI sub-index for the food and beverage industry, with approximately 60% of its portfolio in high-end and mid-range liquor stocks, and nearly 40% in leading stocks from beverages, dairy, and condiments [4]. - Investors can also consider the Huabao Food and Beverage ETF linked funds for exposure to core assets in the sector [4].