KWEICHOW MOUTAI(SH:600519) Sou Hu Cai Jing·2026-02-04 03:19Core Viewpoint - The food and beverage sector continues to strengthen, with the Huabao Food and Beverage ETF (515710) showing positive performance, reflecting a robust market trend in this industry [1][3]. Group 1: Market Performance - The Huabao Food and Beverage ETF opened higher and reached a maximum intraday increase of 1.19%, closing with a gain of 0.68% [1]. - Key stocks in the sector, including New Dairy Industry and Yanjing Beer, saw significant increases of over 3%, while several others, such as Guizhou Moutai and Shanxi Fenjiu, rose by more than 1% [1][2]. Group 2: Company Announcements - Guizhou Moutai announced a share buyback of approximately 420,000 shares, representing 0.0333% of its total share capital, with a total expenditure of about 571 million yuan [2][3]. Group 3: Industry Outlook - According to Guosen Securities, Moutai is expected to maintain a steady price increase and strong sales during the Spring Festival, which will lay a solid foundation for the company's performance throughout the year [3]. - The food and beverage sector is currently at a historical low in terms of valuation, making it an attractive 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 the first quarter of 2026, further supported by policies aimed at expanding domestic demand [3]. Group 4: Investment Strategy - The Huabao Food and Beverage ETF primarily invests in leading high-end and mid-range liquor stocks, with significant allocations to beverage, dairy, and seasoning sectors [4]. - Investors can also consider the Huabao Food and Beverage ETF linked funds for exposure to core assets in this sector [4].