Moutai surged in the afternoon against the market trend, with active trading in the Food & Beverage ETF ChinaAMC (515170)

On May 27th, Moutai surged against the trend in the afternoon. As of 13:52, Moutai rose by 2.88%, with the latest price at 1303 CNY per share. The food and beverage ETF ChinaAMC (515170.SH) traded over 130 million, ranking among the top in the entire market. Since February, Moutai had experienced a continuous pullback, with a decline of over 15% in the range, hitting a new low since the current market cycle began on September 24, 2024.

Guohai Securities believes that the current food and beverage sector is accelerating the clearing of chips. If institutional allocation styles switch in the future, combined with a consumption recovery, the food and beverage sector is expected to welcome a dual market of valuation repair and performance realization. At the enterprise level, leading premium liquor companies are actively conducting market value management to boost shareholder confidence. The cash dividends from quality leaders in consumer goods such as Nongfu Spring, Yili Group, and Haitian Flavoring & Food Co., Ltd. also provide strong support for the sector, revealing the long-term allocation value of leading food and beverage companies.

In terms of short-term catalysts, Tianfeng Securities suggests paying attention to the 618 promotions on various platforms, the subsidy intensity of platforms, and the price trends of famous liquor. Additionally, in June and July, the combination of El Niño high-temperature expectations, the World Cup in the U.S., Canada, and Mexico, and the recovery of the catering industry will serve as three catalysts to drive the peak season sales of consumer food.

Relevant ETFs to watch include the food and beverage ETF ChinaAMC (515170.SH) and the food ETF ChinaAMC (159151.SZ). The food ETF ChinaAMC (159151.SZ) focuses on leading consumer food companies, with the top ten constituent stocks including Haitian Flavoring & Food Co., Ltd., Yili Group, Shuanghui Development, and Anjuke Food. The food and beverage ETF ChinaAMC (515170.SH) covers leading companies in the first-line liquor, condiments, dairy products, and beer sectors, with the top ten constituent stocks including Moutai, Yili Group, Wuliangye, Shanxi Fenjiu, and Luzhou Laojiao