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繼續崩盤!白酒股再度重挫,茅台一度跌破2100元,坤哥走下神壇?
格隆匯 02-26 11:28

今日,市場行情還是很慘烈,其中,白酒板塊延續頹勢,大有跌跌不休之勢。

開盤後,山西汾酒大跌超8%,瀘州老窖跌超6%,貴州茅台跌近3%,一度跌破2100元關口,五糧液、水井坊、洋河股份等紛紛跟跌,現多股均有所收窄。

值得注意的是,不同於去年一路高歌的聲勢,春節假期後的白酒板塊不斷走出下坡路,連遭重挫。

2月18日至2月25日期間,酒鬼酒、山西汾酒、水井坊、瀘州老窖跌幅均超過20%,貴州茅台在6個交易日市值縮水超5600億。

白酒指數和白酒相關的ETF也出現明顯的跌幅,讓市場投資者瑟瑟發抖。

數據來源:同花順

受制於流動性收緊預期

除卻此前香港上調印花税使得A股整體隨着港股下跌的影響,本次以白酒為首的機構抱團股連續深度回調,主要還是基於對央行節後連續逆回購舉措,而擔憂流動性收緊將至

而在前期漲得飛起的高估值板塊對此表現敏感,畢竟泡沫需要被擠掉,且基於美債長端利率超出預期,在經濟復甦預期下,大宗商品掀起漲價潮,市場風格的切換過程中白酒板塊自然受市場情緒影響而出現盤整。

“白酒一哥”走下神壇?

而在白酒股近期萎靡不振的背景下,那些重倉白酒的明星基金的表現自然也不好過,旗下產品飄綠一片。

例如,被戲稱為“世界第三大酒莊”——易方達似乎失去此前的高光,旗下新晉公募冠軍的張坤重倉白酒的基金產品都表現不佳。

今日,張坤管理的易方達中小盤、易方達藍籌精選淨值下跌1.28%。

數據來源:同花順

更為矚目的是,23日張坤管理的基金易方達中小盤混合發佈公吿,自2月24日起暫停申購,並準備進行2021年第一次分紅。

易方達中小盤混合基金十大重倉股中,貴州茅台、洋河股份、瀘州老窖、五糧液佔據前四,所佔比例均在10%以上,且股票市值合計佔比超過了40%

數據來源:同花順

這一舉措也引起了基民的熱議,一方面,基於市場近期的不振表現,這被視為保護基金份額持有人利益的安全運作手法;另一方面,這也被解讀為調倉換股的信號,畢竟隨着機構抱團股的持續回調,市場風格正在有所轉化。

關注長期投資價值

顯然,基於節前板塊漲幅較大,高估值板塊的泡沫正在被戳破,白酒這一板塊在市場情緒呈現負面以及持倉獲利離場等因素下出現了一定的調整。

雖説市場對抱團股的看法愈發謹慎,但就白酒這一市場來看,其基本面依舊較為堅挺,需求帶動終端銷售較旺,促進股價和業績容易呈現一定的積極反映,行業景氣度較為強勢。

數據來源:微博 

近期的理性回調之後,白酒等消費板塊的長期投資機會還是受到一定的看好,尤其是目前高端白酒價格依舊較為堅挺,提價空間存有,業績確定性較高,且次高端價格的空間也有所打開,在白酒分化之下,龍頭標的價值還是可以重點關注。

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