China has always had a wine culture. Wine can not only be drunk by yourself, but also be given as a gift to others, especially at wedding banquets. Almost every table has wine.
It stands to reason that wine is just needed, so the fund income corresponding to our investment in alcoholic products should not be too bad.
However, a liquor fund that my friend just invested some time ago suddenly plunged thousands of miles and lost 8% at once.
I wanted to make a profit 10% and left. I didn't expect to make a profit but lose 8%.
She doesn't understand why the liquor fund she invested in turned over because of the strong demand for wine near the festival.
Today we will talk about this kind of investment: liquor.
Liquor is actually a kind of distilled liquor, which is brewed with Xiaoqu, Daqu and yeast as starter.
Our common liquors are: Maotai, Wuliangye, Shanxi Fenjiu, Jiugui Liquor and so on.
1. Liquor has the characteristics of preserving and increasing value.
Wine is different from other foods. The longer the fragrance, the more valuable it is.
Especially Maotai, we all know that the current price of Maotai is 1000 more than one bottle.
Then every time Maotai starts to raise prices, there will be a lot of people hoarding goods and pushing up the price of liquor.
2. There is little wine.
There are many liquor brands, but there are not many high-end liquors like Maotai and Wuliangye.
Brewing technology will be different due to different local cultures, especially the varieties of water and grain used in brewing will be different due to different climates.
So this makes it impossible to replicate in other regions, which makes every kind of liquor scarce.
3. Liquor has the characteristics of high yield.
The cost of liquor is actually very low. After all, only grain and water need to be fermented, and then distilled to become white wine.
The comprehensive investment in liquor is relatively low, but the premium rate is outstanding. Liquor is expensive, which has obvious profit-making effect and considerable long-term investment income.
Liquor has been sharply adjusted back, and investors are more concerned about whether the liquor fund is worth investing.
We all know that the liquor fund corresponds to liquor stocks.
Take the representative fund "China Merchants CSI Liquor Grading" in liquor as an example, which is the representative of liquor fund.
Its key stocks are Wuliangye, Kweichow Moutai, LU ZHOU LAO JIAO CO.,LTD, Yanghe, Shanxi Fenjiu, Jin Shiyuan, Kouzijiao, Jiugui Liquor and Gu Jing Distillery.
So what are the main aspects to see if these wines are worth investing in?
Chief Jun summed up three aspects:
1, corporate profits
This year is special. During the epidemic, banquets and gifts were not allowed, which led to the impact of liquor. In the first and second quarters, the consumption was not ideal, and the performance dropped sharply.
After May, the domestic epidemic situation was controlled, the state vigorously promoted the development of consumption, and the profit of liquor rebounded obviously.
For example, the gross profit of LU ZHOU LAO JIAO CO.,LTD shares, Jiuguijiu shares and Yanghe shares increased.
2, the pressure of goods
The sales of wine depends on the pressure of goods, that is, inventory. If there is a lot of inventory and the goods are pressed for a long time, it is obviously that the supply exceeds the demand.
Small market demand has led to a decline in wine performance.
Shunxin agriculture is mainly because pork supply drives the overall cycle turnover rate.
Maotai market has been in short supply.
Year-on-year growth: From the revenue data, after the epidemic was controlled, most liquor achieved a net revenue growth in the second quarter.
For example, the revenue growth of Maotai, Wuliangye, Shanxi Fenjiu and LU ZHOU LAO JIAO CO.,LTD in the second quarter maintained a normal level.
The revenue growth rate of Jiugui Liquor and Jin Shiyuan in the second quarter was 18.6%.
After entering the fourth quarter, it will usher in the peak season of liquor consumption, and the revenue growth should be better. From these three aspects, liquor is still an industry worth investing in.
So how should the liquor fund invest? Let's first take a look at why the liquor fund has been adjusted back so badly these days.
First, the valuation of liquor is overvalued and the market is undervalued.
For example, science and technology and medicine, which had a very large increase some time ago, have now experienced a sharp correction, while liquor is a sector with strong resilience and finally entered the adjustment stage.
From the adjustment point of view, within one month, it has been adjusted by 8%, and the further adjustment is not large, at most, it is about 10%.
Second, some time ago, the market rose to around 3,500 points and began to rebound, rebounding to around 3,200 points, which is a systemic risk. Any industry will be affected by the downward adjustment.
At present, the market correction is coming to an end. According to the historical market, 10 has a high probability of rebound.
In the long run, liquor fund still has good investment value.
How to vote specifically?
From the valuation point of view, liquor fund is still overvalued. It is intended to be held for a long time, and a small amount of fixed investment can enter the market. If you insist on fixed investment for 2-3 years, you can get a higher rate of return.
Investors who want to catch a ride on the 5438+00 market in June can enter the market in batches and quit when the income reaches 10%.
In a word, the liquor sector is still a high-quality track among many sectors, which is worth holding for a long time.