Core Viewpoint - The recent performance of the liquor sector, particularly the white liquor stocks, indicates a potential recovery as valuations have significantly declined and market expectations are low, suggesting a favorable environment for quality assets to rebound [1] Market Performance - On October 21, the three major indices collectively rose, with the Shanghai Composite Index closing at 3916.33 points, up 1.36% [1] - The white liquor sector closed at 2298.72, with a slight increase of 0.90%, and 14 out of the white liquor stocks experienced gains [1] Individual Stock Performance - Kweichow Moutai closed at 1462.26 CNY per share, up 0.30% [1] - Wuliangye closed at 120.52 CNY per share, up 0.05% [1] - Shanxi Fenjiu closed at 189.72 CNY per share, down 0.97% [1] - Luzhou Laojiao closed at 134.21 CNY per share, up 0.80% [1] - Yanghe Brewery closed at 69.95 CNY per share, down 0.33% [1] Industry Insights - According to a report from Founder Securities, the 113th Autumn Sugar and Wine Fair was held in Nanjing [1] - The white liquor sector has undergone a prolonged correction, leading to a significant drop in valuations, with a clear bottoming logic for quality assets [1] - In the context of renewed external disturbances and the increasing importance of domestic demand, the sector is expected to experience a valuation switch and recovery trend [1]

尽管白酒板块集体"飙"了，但业内人士还是认为白酒的基本面薄弱，高端酒旺季需求弱复苏，整体仍处 于探底阶段。展望后市，华泰证券在其研报中指出，本轮调整中头部酒企均以长期健康发展为主，基本 面探底企稳，叠加促消费政策托底，行业或逐步步入良性修复阶段。 商报讯(记者叶晓珺)一蹶不振的白酒市场，近日迎来了些许利好消息。10月13日，知名投资人段永平在 社交平台上发声，"今天买了点茅台"，这一消息瞬间引起热议。昨日，白酒概念股集体反弹，会稽山 （601579）率先涨停，酒鬼酒（000799）涨超7%，舍得酒业（600702）、泸州老窖（000568）、古井 贡酒（000596）、贵州茅台（600519）涨幅靠前。 板块有望迎来估值切换与修复行情 不过，也有业内人士指出，段永平买贵州茅台，往往说的是至少持有十年。对于普通投资者而言， 只"抄作业"而无法耐心持有亦是有风险的。 此次投资大佬的入局，使得白酒板块收获不少青睐。国盛证券指出，白酒方面，中秋国庆旺季动销环比 修复，婚宴及大众聚饮场景坚挺，头部酒企表现更佳，供给端持续发力、报表端持续出清，中长期行业 价值凸显；短期看弹性、中长期看龙头；大众品方面，假期期间餐饮礼赠市 ...