Analysis of food and beverage industry in the fourth quarter of 2011

Key points: The food and beverage industry's performance in the third quarter has been turbulent: The performance of the food and beverage industry in the stock market has been turbulent in the third quarter. At the beginning of the quarter, the food and beverage sector was stimulated by positive factors such as high inflation continuation and rising commodity prices. It was boosted by leading industries such as liquor and dairy products. In the later period, the food and beverage sector was affected by the continued weakening of the broader market. Began to show signs of decline. As of September 19 this year, the food and beverage industry has risen 2.76% this year, and the industry rose 4.43% in the third quarter.

The output growth of major industries has been stable since the beginning of this year: As of August this year, the cumulative output of the liquor industry was 6.1761 million liters, a year-on-year increase of 29.76%; the cumulative output of the beer industry was 34.943 million liters, an increase of 9.57%; the cumulative output of the wine industry was 677,300 liters. The year-on-year increase was 19.62%; the cumulative production of liquid milk was 13,123,800 tons, a year-on-year increase of 13.61%; the cumulative production of soft drinks was 7,810.806 million tons, a year-on-year increase of 23.64%.

Fourth quarter food and beverage industry investment strategy: policy pressure and peak season stimulation will be the theme of investment in the food and beverage sector in the fourth quarter, the stimulation of the two seasons is relatively more certain, and the policy pressure is still subject to the actual economic conditions, the former for the four quarters Investment is positive and the latter may be the “landmine” for investment in the sector in the fourth quarter. On this basis, we recommend that investors should maintain the investment awareness of “creating peacetime” in the food and beverage sector in the fourth quarter. On the one hand, they should have confidence in the overall trend of the sector during the peak season. On the other hand, they should always be vigilant against policy changes for the sectoral sector. The negative impact came. In addition, combining the historical trend of the sector, we recommend investors to focus on the investment opportunities in the investment process of the food and beverage industry in the fourth quarter: meat products, seasoned fermented products, and food synthesis.