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Jiangsu King's Luck Brewery Joint-Stock Co.,Ltd. (SHSE:603369) Shares Could Be 43% Below Their Intrinsic Value Estimate
Donghai Securities: In March, the consumption of tobacco and alcohol categories showed a significant month-on-month increase, with the overall sales of the Beer Industry remaining stable.
In March, the retail sales of the tobacco and liquor sector increased by 8.5% year-on-year, with a significant improvement in growth rate compared to the previous month. Last week, the Baijiu(Chinese Liquor) Sector performed steadily. With the arrival of the Earnings Reports season, the market bottom becomes clearer after the performance of liquor companies is released.
Huachuang Securities: In the second quarter, pursue a balance of volume and price. The dividend yield of Baijiu(Chinese Liquor) stocks has become attractive.
In the first quarter, the terminal sales of Baijiu(Chinese Liquor) performed relatively well. Considering the high base effect from last year, the growth rate may decline somewhat. The focus for operation in the second quarter will be on relieving channel pressure and proactively controlling the shipping pace.
Jiangsu King's Luck Brewery Ltd's (SHSE:603369) Investors Will Be Pleased With Their Stellar 102% Return Over the Last Five Years
HuaChuang Securities: The current Baijiu(Chinese Liquor) cycle has clearly bottomed out, suggesting to seize the opportunity to accumulate in the Range.
Short-term sentiment has declined, and the Baijiu(Chinese Liquor) Sector has slightly adjusted, but there are signs of improvement on the operational front. There is a marginal improvement in cash flow at the channel level, confidence has stabilized, and there is still further room for inventory digestion.
With EPS Growth And More, Jiangsu King's Luck Brewery Ltd (SHSE:603369) Makes An Interesting Case