1.
There are 20 listed liquor companies in the A-share market.
Those well-known listed companies have basically maintained an annualized growth rate of more than 15%, and most of them are more than 20% . There are also some lesser-known companies whose share prices have increased by less than 15%.
2.
This shows that baijiu is really a good industry, everyone lives very well , and a company with status is nothing more than the difference between good and better;
It is not easy to squeeze in in this industry . Look at the companies whose stock price has an annualized growth rate of more than 15%. They are all familiar names. These were the same 20 years ago, and they are still these today, with a deep moat.
Once you get the tickets, it is difficult to get out of the game even if you make mistakes, such as Jiuguijiu, Shede Jiuye, and Shuijingfang. Or Wuliangye, despite making strategic mistakes, they still have a good time.
Can this be the case in the future? I think most likely it will. The things that entrust the Chinese spiritual culture will only get better and better with the prosperity of the country. The competition pattern should be that there are still a large number of markets to conquer. In the event of a deep drop in stock prices, or even stagnant income and profits, or unfavorable policy environment, it provides the confidence to invest in reverse.
Investment in many fields needs to follow the general trend against the small trend under the big framework, or to see the trend in the next three years one step ahead. These are two different models. The first is the power of belief, and the second is the sharpness of vision. Investing in liquor companies is believed to be upright, with an extraordinary vision. The two can be perfectly integrated in the investment of liquor companies.
3.
The reason why the famous liquor companies live well is because there is still a lot of low-end production capacity, and even the liquor companies ranked in the bottom are the targets of being crushed, and they live very hard. This data can be confirmed in time – I remember many years ago saying that the ceiling of annual consumption of liquor has come to an end, but what is the ceiling of liquor? How much do the leading companies account for in total? How much space is left for mid-to-high-end products? These annual reports should be the information that can be found.
If the logic of the increasing proportion of mid-to-high-end products can exist, then there is still a long period of consumption upgrade for liquor. Liquor investment should only be invested in the top ten companies. You can make an indexed investment in the top ten companies. Whoever enters the relatively undervalued range will buy whoever . In fact, no matter what field of investment, you should only invest in the head, don’t deal with cats and dogs .
The investment in liquor companies can account for 40% of the investment amount, which is currently 2.5 million. If you spend a year to buy it, you should buy 200,000 a month. I guess I’m not satisfied with the purchase, so I can buy it if I have the money, and I can buy as much as I can. For stock exchange, liquor is the first choice.
4.
Annualized increase in share price:
31%+ Kweichow Moutai, Jinhui Liquor
27% Luzhou Laojiao, Jinshiyuan, Yingjia tribute wine
23%-24% Shanxi Fenjiu, Wuliangye
20% Yanghe shares, Kouzijiao
18%-19% Gujing Tribute Liquor, Shede Liquor, Shuijingfang, Laobaigan Liquor
16% alcoholic liquor
14% Gold Seed
Below 12% Yilite, Shunxin Agriculture
It must be noted that this is a share price increase, not an annualized increase in profits. However, the current price-earnings ratio of liquor is between 20-40 TTM. From the perspective of annualization, the rise of the stock price is basically driven by profits.
At the same time, since the annualization is said, it is of course not fair to compare the annualized growth of those that have only been listed in the last few years and those that have been listed 20 years ago; for a long time.
Therefore, this annualized increase can only be used as a reference, let us know that liquor is really a good industry. But when investing, you still have to pay attention to the growth and valuation in the next three to five years. At present, the most promising is Jinshiyuan, which has good growth and low valuation. In addition, Yanghe shares are also worthy of attention. The stocks recommended by the Tang Dynasty are currently not high in TTM, but their performance has been wasted for several years. Is it expected to recover under a separate study?
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