Chinney Investments Limited (06979) fell more than 3%, as of press time, down 3.21%, at HKD 6.94, with a turnover of HKD 29.375 million.
According to the Wisdom Financial App, China High Quality Jade Holdings (06979) fell more than 3% ,as of press time, down 3.21%, at HKD 6.94, with a turnover of HKD 29.375 million.
On the news front, UBS recently downgraded the ratings of multiple baijiu stocks in its research reports, which has attracted market attention. According to research analysts from UBS Greater China's Consumer Industry, Peng Yanyan, due to changes in consumer trends, supply relationships, and other factors, the profit forecast for the baijiu industry in 2024 and 2025 has been lowered. The profit forecast for 2024 has been lowered by 4%, and it is expected to be lowered by 11% in 2025.
Guosen Securities believes that the stock price reflects pessimistic expectations of demand, and the anchor of the liquor company's strategy is long-term. In the short term, if the macroeconomic situation is still in the slow recovery stage, the overall demand for the baijiu industry will still face great pressure, and it is gradually becoming the market consensus for liquor companies to slow down their operation rhythm and manage channel order; in the medium and long term, enterprises pay more attention to channel health and market order, and the value of the industry's business model under the compound benefit of the strategy has not changed.