Group 1: White Liquor Sector - The valuation of the white liquor sector is at a bottom level, indicating potential for capital inflow [4][5] - Recent price declines for Moutai indicate pressure on the industry, with a decrease in the 2024 Moutai scatter price to 1990 yuan, down 60 yuan week-on-week and 130 yuan month-on-month [4] - The industry is entering a later stage of the inventory cycle, with performance increasingly reliant on market share in core markets and the performance of mid-tier products [4][5] Group 2: Insurance Sector - Regulatory measures in the banking and insurance sectors are being relaxed, which may enhance investment returns for insurance companies [10] - The outlook for the insurance sector is positive, with expectations for improved net premium income (NBV) and stable profitability in property insurance [11] - The capital market is expected to show marginal recovery, supporting the valuation recovery of insurance companies [11]
白酒股有望迎来资金流入；保险行业利好加码
第一财经·2025-06-18 07:59