食品饮料ETF(515170)

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食品饮料板块分化中寻机遇:高景气赛道领跑,餐饮链复苏引关注
Mei Ri Jing Ji Xin Wen· 2025-10-17 01:57
餐饮链复苏迹象明显,调味品改善显著。经历暑期低迷后,九月及双节期间随餐饮回暖,调味品动销好 转,略超预期。速冻食品的B端需求也同步略有恢复,体现了餐饮复苏对上游产业的传导效应。 板块近期上涨得益于"零食景气+餐饮复苏"主线。零食板块的高景气度得到数据验证,而餐饮的持续改 善提振了调味品、啤酒等子板块预期。市场对消费复苏的信心增强,推动了食品饮料板块的整体表现。 资金面上,食品饮料ETF(515170)持续获得大资金青睐,近5个交易日合计"吸金"超11亿元。从估值方面 来看,食品饮料板块估值仍处低位,当前或为较好配置时机。 双节消费数据显示餐饮正逐步复苏,带动产业链回暖。假期前四天餐饮销售额增长,日均人员流动量超 预期。板块景气度中,零食延续高位,调味品等餐饮相关品类动销改善。 零食板块景气度延续,表现最为亮眼。部分公司受益于双节礼赠场景销售良好,传统渠道增长平稳。量 贩零食店在假期客流量旺盛,显示出强劲的渠道活力与消费需求,成为板块增长的重要驱动力。 ...
食品饮料仍处于估值低位,资金持续抢筹
Mei Ri Jing Ji Xin Wen· 2025-09-01 03:21
与此同时,食品饮料挂钩的ETF份额加速累积。数据显示,部分资金借道ETF布局抄底意愿强烈。在跟 踪中证细分食品饮料的ETF中,食品饮料ETF(515170)规模排名第一,流动性良好,近5日获得超3亿资 金申购。 9月1日早盘,食品饮料ETF(515170)再度震荡调整,持仓股中莲花控股(600186)、酒鬼酒 (000799)、新诺威(300765)、金达威(002626)等领涨。消息面来看,莲花控股H1公司实现收入 16.21亿元,同比增长32.68%;实现归母净利润1.61亿元,同比增长60.01%。 2025年6月以来,成长风格领涨市场,食品饮料板块与万得全A代表的整体市场走势差距不断扩大,结 合过去3年涨跌幅以及近1月变化,食品饮料(PE-TTM10.58分位数)接力补涨概率较大。 ...
顺周期需求侧回暖,消费板块配置优势突出
Mei Ri Jing Ji Xin Wen· 2025-08-26 05:47
Group 1 - The core viewpoint of the articles highlights the positive impact of recent real estate policy adjustments in Shanghai and Beijing on consumer sectors, particularly retail and food and beverage, which have shown significant gains in stock performance [1] - The real estate policy relaxation is part of a broader macroeconomic strategy aimed at stimulating consumption, with various supportive measures already in place, including subsidies and financial incentives [1] - The anticipated financial stimulus from these policies is substantial, with expected funding reaching 100 billion annually for childcare subsidies, 45 billion for free preschool education, and 138 billion for consumption-related initiatives in the second half of the year [1] Group 2 - The Food and Beverage ETF (515170) tracks the performance of a specialized index reflecting the overall trends of food industry stocks, with a significant weight in liquor (56.8%), dairy products (14.1%), and seasoning products (9.9%), all of which are currently at low valuation levels [1] - The Consumer Discretionary ETF (562580) follows the All-Share Consumer Discretionary Index, focusing on stocks with good liquidity and market representation, with major weights in air conditioning (21.5%), electric passenger vehicles (16%), and comprehensive passenger vehicles (7.2%), indicating a shift towards low-valuation sectors with new technology [2]
行情切换一触即发,新消费与传统消费开启轮动行情
Mei Ri Jing Ji Xin Wen· 2025-08-26 05:47
Group 1 - The second quarter saw an influx of funds into the new consumption sector, driving an upward trend and raising market expectations for performance in this area. However, some high-growth stocks reported earnings below previous expectations, leading to a market adjustment before gradually stabilizing. The top companies continue to maintain stable high growth rates, and with the overall consumption market expected to bottom out, the relative growth advantage of new consumption, combined with fiscal year valuation shifts, is likely to usher in a new round of market activity [1] - Traditional consumption sectors are showing a high cost-performance ratio for rebound. From the perspective of the large consumption sector, the main industry increases since August are as follows: Automotive (12.05%), Home Appliances (9.37%), Light Industry Manufacturing (8.4%), Beauty and Personal Care (7.5%), Commercial Trade (7.44%), Agriculture, Forestry, Animal Husbandry and Fishery (7.38%), Food and Beverage (7.11%), Social Services (6.9%), Textile and Apparel (5.93%). Except for automotive, all sectors lagged behind the CSI 300 index (9.66%). Valuations are at the 79.06%, 39.29%, 75.06%, 59.51%, 89.37%, 12.11%, 11.80%, 46.13%, and 61.31% percentiles over the past decade, with Food and Beverage, Agriculture, Forestry, Animal Husbandry and Fishery, Home Appliances, and Social Services below their valuation midpoints. The expected profit growth rates for 2025E are 8.64%, 22.26%, 13.92%, and 45.35%, indicating good cost-performance ratios in the current industry rotation context [1] Group 2 - The Hong Kong Stock Consumption ETF (513230) tracks the CSI Hong Kong Stock Connect Consumption Theme Index, which selects 50 liquid and large-cap consumption-related securities from the Hong Kong Stock Connect range to reflect the overall performance of consumption-listed companies in Hong Kong. This index covers various sectors benefiting from policy stimulus, including discretionary retail (27%), automotive and parts (13.4%), food and beverage (6%), consumer services (5.7%), and home appliances (4.9%) [2] - The Food and Beverage ETF (515170) tracks the CSI Subsector Food and Beverage Industry Theme Index, reflecting the overall trend of food industry stocks in the Shanghai and Shenzhen markets. This index selects large-scale, liquid companies from the food manufacturing sector. According to the Shenwan三级行业 distribution, the index weight is concentrated in low-valuation areas such as liquor (56.8%), dairy products (14.1%), and seasoning and fermented products (9.9%) [2]
沪指站上3700点,还有哪些“待涨”板块?
Mei Ri Jing Ji Xin Wen· 2025-08-20 02:48
此外,随着国庆+中秋假期临近,民众出行需求增加,旅游ETF(562510)也有望迎来系列数据催化;截 至8月19日,旅游ETF年内跌0.84%,低位特征明显,资金已连续14日申购。 从申万一级的31个行业来看,有色、通信的年内涨幅已逼近40%,年初至今涨跌幅排名靠后的有煤炭、 食品饮料等;食品饮料板块近日表现良好,资金持续买入,食品饮料ETF(515170)连续4日上涨。 上证指数近期突破10年高点,站上3700点,市场情绪升温,A股成交额显著放量,创业板、北证50等指 数点位也分别突破,寻找低估或"待涨"赛道成为市场关注的焦点。 ...
市场震荡上行格局未变,内需构建仍是国内经济主线
Mei Ri Jing Ji Xin Wen· 2025-05-07 04:37
可选消费ETF(562580)紧密跟踪中证全指可选消费指数,前五大成分股囊括美的集团、比亚迪、格力电 器、海尔智家等消费龙头,汽车和家电占比合计超78%。随着国民经济持续向好发展,我国消费者人均 可支配收入不断上升,消费支出从食品、服装等向交通、医疗、消费电子等方向转变,可选消费板块投 资价值凸显。 在应对国际重大挑战之际,内循环成为驱动我国经济平稳增长的重要压舱石,顺周期板块有望低位复 苏,从而释放业绩弹性,食品饮料、旅游等板块受益。中期看,2025年,稳消费、稳民生被写入今年经 济社会发展总体要求中,并把"全方位扩大国内需求"作为今年十个方面工作任务中的第一条,新一轮供 给侧结构性改革或开启,为价格提供修复动力,今年政府工作报告提出"加强产业统筹布局和产能监测 预警,促进产业有序发展和良性竞争"、"综合整治'内卷式'竞争"。消费板块在过往几年的回调后,"低 预期低估值"+"消费韧性特征下的企稳趋势"将提升消费配置的资金偏好。 东方证券指出,展望五月,尽管外部贸易摩擦仍存在不确定性,但中国资产依然是更有性价比的资产, 经济基本面的韧性也就意味着市场不会互现出现大幅波动,市场震荡上行格局没有发生改变,内需构建 ...