According to the Guotai Junan Research Report, the beer industry's valuation is expected to bottom out, and the current stock price fully reflects expectations for a high boom base and profit adjustments. The growth rate of leading profits is expected to diverge in 2024. The beer industry is an important category that crosses the economic cycle. It comes from its good competitive pattern, geographical differences, product innovation genes and category scalability, and strong cash flow and operational improvement space.
国泰君安：预计啤酒行业估值或触底反弹
Guotai Junan: Beer industry valuations are expected to bottom out and rebound
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