Tianfeng Securities: The valuation repair of the liquor sector may lead the performance repair

Wallstreetcn
2026.02.02 00:34

Tianfeng Securities' research report indicates that the liquor sector has adjusted for about 5 years, and the current valuations and institutional positions are at historical lows. The market is currently quite pessimistic about the liquor sector as a whole, and the subsequent overall improvement in the industry's fundamentals will require a recovery in external macro demand. However, under the current stock market backdrop, stock prices may bottom out ahead of the fundamentals. Tianfeng Securities believes that there may be some optimism for the sector at present. The sector may be in the final stage of clearing fundamentals, and the stabilization of Moutai's wholesale price is a positive signal of marginal improvement. The sector's valuation recovery may lead the performance recovery. Recommended stocks: Moutai, LZLJ, WLY, Shanxi Fenjiu, Jinshiyuan, Jinhui Liquor, Gujing Gongjiu, Yingjia Gongjiu, Yanghe Co., Ltd., Zhenjiu Lidu, etc

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