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啤酒板塊走高 惠泉啤酒、珠江啤酒漲超8%
格隆匯 12-22 10:46

 格隆匯12月22日丨啤酒板塊走高,蘭州黃河漲停,惠泉啤酒、珠江啤酒漲超8%,燕京啤酒、重慶啤酒等股跟漲。

天風證券表示,啤酒行業長短期邏輯持續催化,核心聚焦結構升級。短期來看,啤酒行業具備低基數和量價齊升預期。疫情影響下,啤酒行業佔據60%比例的即飲場景有較大損失,導致20Q1基數較低,同時銷量和結構升級方面均有所影響。展望明年,在即飲場景不斷恢復以及賽事等影響下,銷量和噸價有望加速提升,奠定全年業績高增基礎。

長期來看,行業結構升級仍是核心邏輯。各家酒企紛紛推出高端新品,噸酒價持續提升,產品結構持續優化。行業目前噸酒價與產品結構同國外相比仍有較大提升空間,行業利潤拐點已至,盈利優化持續可期。

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