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The warning from the U.S. health director caused a drop in Asian alcoholic beverage stocks.
①After the Director of the Health Bureau in the USA called for cancer warning labels on Alcoholic Beverages last Friday, the Stocks of Asian liquor manufacturers fell on Monday. ② Edward Mundy, an Analyst at Jefferies Financial, wrote that the market is adopting a "shoot first and ask questions later" strategy to deal with potential health warnings and cancer risk labels on Alcoholic Beverages in the USA.
Beer stocks are generally down, with CHINA RES BEER (00291) falling by 3.95%. Institutions indicate that the volume and price performance of beer will be weak in 2024.
Jinwu Financial News | Beer stocks generally declined, CHINA RES BEER (00291) fell by 3.95%, BUD APAC (01876) decreased by 2.63%, SAN MIGUEL HK (00236) dropped by 2.38%, and TSINGTAO BREW (00168) fell by 0.65%. Galaxy Securities stated that the volume and price performance of beer will be weak in 2024, but as policies continue to support Consumer spending in 2025, the Industry is expected to improve steadily, with a stable competitive landscape. In the short term, elasticity is more related to the degree of Dining prosperity, and the long-term trend of increasing proportion of non-immediate consumption will continue. It is expected that corporate profits will continue to grow steadily, capital expenditure will remain stable, and dividend ratios will be maintained.
Brokerage morning meeting highlights: It is expected that 2025 will be the first year when the Real Estate Industry truly achieves stability and long-term development.
At today's Brokerage morning meeting, CITIC SEC proposed that 2025 will be the year when the Real Estate Industry truly stabilizes and moves forward; Tianfeng stated that industry demand is expected to recover, and the Autos Sector may gradually become optimistic; China Securities Co.,Ltd. pointed out that the current valuation of the Baijiu(Chinese Liquor) Sector remains low overall, highlighting its long-term investment value.
The Beer Sector, which fell more than 4% today: Weakening fundamentals and valuations in the short term, leading undervalued leaders may welcome opportunities for 'premiumization.'
Beer remains popular in social settings, but it doesn't seem to be the same in the secondary market.
Quick look at the Hong Kong market | The Hong Kong stock market continues to decline in the afternoon, with all three major indices falling over 2%; The drops in the tech, Autos, and Mainland Real Estate sectors have widened, with SUNAC down over 8%, Xpen
Network Technology stocks fell, MEITUAN-W dropped 3.73%, NTES-S fell 2.90%; most Alcoholic Beverages stocks declined, GRACEWINE dropped 9.36%, TIBET WATER rose 7.69%; most semiconductor stocks declined, SHEEN TAI rose 5.82%, HG SEMI fell 5.00%;
Hong Kong stock Concept tracking | Boosting Consumer spending will be a top priority for economic work. Institutions state that the Beer Industry valuation is at a historical low (attached Concept stocks).
Stimulating consumption will be a top priority in economic work.
