Bullish on long-term performance of the Baijiu sector!
@ETF Tracker:
Regarding the sharp adjustment of Baijiu (China’s distilled liquor), institution pointed out that the recent correction in the Baijiu sector was mainly due to the statements from the Sugar and Wine Fair, fund preferences, and the release of macro data for March. 1) Gefund pointed out to focus on moderate recovery of consumer spending and the long-term performance of the Baijiu sector.From a valuation perspective, the current valuation of the Baijiu sector has fallen to below the five-year median. From a fundamental perspective, various factors are unlikely to deteriorate further on a month-on-month basis in the future. 2) China Merchants Securities Baijiu Fund stated that from a longer-term perspective, under the trend of consumption upgrading, Baijiu sector still has good value.Since mid-