Guizhou Moutai's stock price returns to 2,000 yuan Guanjiao brokerage analyst: the overall valuation of the liquor sector

Today (June 24), the A -share "stock king" Guizhou Maotai (SH699519, the stock price of 2009.01 yuan, a market value of 2.52 trillion yuan) was 5 months, and the stock price once again stood on the 2,000 yuan mark.

In fact, after the stock price of the stock price in the second half of last year, the overall valuation of the liquor sector continued to be repaired for nearly two months. The CSI Liquor Index (BK0896) has risen all the way since April 26, an increase of 19.69%.

Relevant brokerage and industry analysts told the reporter of "Daily Economic News" today through WeChat that Guizhou Maotai's performance is basically good. The marketing reform has initially achieved results. After a period of valuation digestion, it is normal to return to the previous position. In addition, the rebound of the entire liquor sector is mainly the economy is gradually getting better, and the impact of the epidemic is decreasing. At present, the three -year reform action plan of state -owned enterprises has entered the last year. Many liquor companies are state -owned enterprises, which will involve many reform measures.

Guizhou Moutai's stock price returns to 2,000 yuan

Today, the stock price of Guizhou Moutai finally returned to more than 2,000 yuan after the adjustment of nearly five months, causing widespread market attention.

In fact, since Moutai's stock price touched 2216.96 yuan/share at the end of last year, it has shocked all the way. It has fallen to about 1650 yuan/share in mid -March this year. Since then, it has been slowly rising. The market once reached 2020 yuan/share, and finally closed at 2009.01 yuan/share, an increase of 2.65%.

For Moutai's stock price to return to 2,000 yuan, many industry analysts believe that Guizhou Maotai is basically good, and it is normal for the past valuation to return to the past.

Liu Peng, director of the Institute of Great Wall Securities Financial Research Institute and the leader of the big consumer team, told the reporter of "Daily Economic News": "Moutai is basically good, and it has effectively managed the price of product prices. Impact, so after a period of valuation digestion, it is normal to return to the previous position. "

Xiao Zhuqing, an expert in liquor, agreed with this. He added: "On the one hand, Moutai has performance support, and on the other hand, the initial results of the reform have made shareholders full of expectations for the future. The proportion of revenue has increased rapidly; secondly, the "I Moutai 'digital marketing platform is launched, which quickly becomes a hot spot within a short time, allowing more people to understand Moutai's store address and brand culture. To a positive role, at the same time, at the same time, it is more considerable to face the sales of consumers. "

In 2021, the company achieved total revenue of 109.464 billion yuan throughout the year, an increase of 11.71%year -on -year. Last year, the alcohol revenue in Moutai in Guizhou was about 106.1 billion yuan, of which Moutai's income was 93.465 billion yuan, a year -on -year increase of 10.18%. In 2021, the net profit attributable to shareholders of listed companies was 52.46 billion yuan, an increase of 12.34%year -on -year. The direct sales channels achieved revenue of 24.029 billion yuan, an increase of 81.49%year -on -year.

On June 16th, at the Guizhou Moutai Annual shareholders meeting, the company's chairman Ding Xiongjun announced that the operating goals in 2022 were: total operating income increased by about 15%compared with the previous year, reaching 125.9 billion yuan; the completion of basic construction investment was 6.969 billion yuan.

It is worth noting that, as an important platform for the company to implement digital marketing transformation, the first day of the "i Maotai" launched on the trial operation attracted more than 2.29 million people and 6.22 million people to make an appointment to subscribe. Ding Xiongjun said at the scene of the shareholders' meeting: "The number of registers of 'I Moutai' is close to 17 million."

CITIC Securities predicted in the research report that the annual revenue of "I Moutai" is expected to exceed 12 billion yuan.

The overall valuation repair of the liquor sector

In addition to Guizhou Maotai, the valuation of the liquor sector has been sharply adjusted in the near future. The CSI Liquor Index has risen all the way since April 26. As of today, it has closed at 2771.42 points, an increase of 19.69%in the past two months.

个股方面，4月26日至今，五粮液（SZ000858，股价185元，市值7181亿元）上涨16.72%，洋河股份（SZ002304，股价173.2元，市值2610亿元）上涨29.5%，泸州老窖（SZ000568 The stock price was 230 yuan, the market value of 338.5 billion yuan) rose 14.51%, Shanxi Fenjiu (SH600809, stock price of 302.8 yuan, market value of 369.4 billion yuan) rose 17.59%, the wine industry (SH600702, 194.09 yuan, market value of 64.45 billion yuan) rose 40.15%) Essence

In this regard, Xiao Zhuqing believes: "On the one hand, the epidemic has a impact on all walks of life, but the impact on the liquor industry is very small; the second aspect is that the differentiation of the entire liquor industry is intensifying, and the market share is concentrated to excellent brands and high -quality listed companies. This It is an important reason for the return of listed companies in the liquor industry. "

"The liquor sector has rebounded for two months as a whole, mainly because of the possibility of seeing the economy, the impact of the epidemic is also decreasing, and the valuation will be repaired accordingly. In addition, this year is the last year of the three -year reform action plan for state -owned enterprises. In the year, many liquor companies were state -owned enterprises. This year, many reform measures will be involved. "Liu Peng said.

Daily Economic News

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