茅台價格全線上升，貴州茅台股價升超3.5%，酒ETF、食品飲料ETF上升
食品飲料板塊在近日多次調整後今天明顯回暖，領升市場，板塊盤中升幅超過2%，板塊內多隻白酒股大幅上升。金種子酒盤中升幅一度超過9%，白酒龍頭股貴州茅台上午也顯著上行，盤中升幅一度達4%。
截至14:20，貴州茅台股價升超3.5%。
消息面上，茅台價格全線上升。今日酒價披露的最新參考價顯示：2024年飛天茅台散瓶批發參考價從前一日的2310元/瓶上升至2380元/瓶。原箱的2024年飛天茅台的批發參考價升至2580元/瓶，昨日2530元/瓶。
ETF方面，鵬華基金酒ETF升超1.5%；華寶基金食品ETF、華安基金食品飲料ETF基金、招商基金食品飲料ETF、銀華基金食品ETF、天弘基金飲食ETF、華夏基金食品飲料ETF上升。
白酒股回調之際，資金在流入酒ETF。截至7月1日，5月9日以來超19億資金淨流入鵬華基金酒ETF；天弘基金飲食ETF華夏基金食品飲料ETF招商基金食品飲料ETF也獲得資金小幅流入。
6月下旬，五糧液和瀘州老窖召開年度股東大會，席間公司管理層就行業現狀、未來趨勢及公司應對。行業面臨的困境、疲弱的外部需求環境，管理層對此毫不避諱以坦然真誠的態度跟投資者進行溝通互動，他們均對未來（白酒行業商業模式等視角）保持樂觀，針對當下的困難量價龍頭公司均以行業良性發展、企業健康運營為出發點制定相關品牌和渠道策略，不壓貨、不刻意追求高增長，保護品牌渠道終端消費者各個環節。
國投證券表示，茅台批價漸穩、龍頭企業表態，個股股息率價值凸顯，板塊進入配置區間，半年度已過，重點尋找業績達成度高、經營良性的標的。
申萬宏源表示，受宏觀經濟影響，白酒行業整體需求短期仍有壓力，但頭部集中、分化加劇的大趨勢不變。綜合2023Q4和2024Q1的表現來看，行業增長中樞持續下降，由於2024Q2需求進一步走弱，如果24Q3需求無法得到改善，預計庫存會進一步增加，或者企業會主動調整全年增長目標。從中長期來看，我們認為當下增長速度不是最為重要的，企業的戰略定力和執行力更加重要，維持良性健康的渠道質量，才能在行業重回上行週期階段更具增長彈性。展望2024年下半年，若外部環境不出現明顯改善，預計白酒基本面仍有一定壓力。結合潛在分紅水平和中長期的結構性空間，頭部公司仍具備性價比和中長期投資價值。
光大證券研報指出，此前白酒板塊波動主要受飛天茅台批價跌幅較大影響，近期公司調整產品投放政策、在供給端進行控制，上週散瓶飛天茅台批價有所企穩，後續繼續關注挺價成效，以及公司或將出台新的措施維穩價格，板塊情緒亦有望回暖。結合上週龍頭股東大會反饋，行業良性發展可期，增長質量更受酒企關注。雖然需求恢復仍需時間，但龍頭酒企依舊保持較為穩定的市場秩序，結合中報窗口期臨近，部分酒企仍有較高業績兑現度和經營質量，估值有望逐步企穩。
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