啤酒板块走高 惠泉啤酒、珠江啤酒涨超8%
格隆汇12月22日丨啤酒板块走高,兰州黄河涨停,惠泉啤酒、珠江啤酒涨超8%,燕京啤酒、重庆啤酒等股跟涨。

天风证券表示,啤酒行业长短期逻辑持续催化,核心聚焦结构升级。短期来看,啤酒行业具备低基数和量价齐升预期。疫情影响下,啤酒行业占据60%比例的即饮场景有较大损失,导致20Q1基数较低,同时销量和结构升级方面均有所影响。展望明年,在即饮场景不断恢复以及赛事等影响下,销量和吨价有望加速提升,奠定全年业绩高增基础。
长期来看,行业结构升级仍是核心逻辑。各家酒企纷纷推出高端新品,吨酒价持续提升,产品结构持续优化。行业目前吨酒价与产品结构同国外相比仍有较大提升空间,行业利润拐点已至,盈利优化持续可期。
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