CITIC Securities: Gu Jing is currently significantly undervalued, rated "Strong Buy"

CITIC Securities recently pointed out in a research report that Gu Jing held its 2024 annual shareholder meeting, where it raised issues such as the current industry's growth pressure, large inventory, and unstable prices, which have long existed. It emphasized the need to face industry difficulties and actively respond through both internal and external measures. The focus is on Gu 20/Gu 16/Gu 8, integrating old Gu liquor, and promoting provincial sectorization. The management team has experience in navigating through cycles, and the current valuation is clearly underestimated, maintaining earnings per share for 2025-2027 at 11.54, 12.79, and 13.98 yuan, respectively, and giving a "strong buy" investment rating