HK Stock Market Move | ZJLD (06979) rose more than 5%, institutions believe that the liquor sector may usher in a ten-year investment opportunity at the bottom.

ZJLD (06979) rose more than 5%, as of the time of writing, it rose by 4.89%, to 9.44 Hong Kong dollars, with a turnover of 62.6241 million Hong Kong dollars. On the news front, China Securities Co., Ltd. pointed out that on January 29, the liquor sector saw an epic surge with 20 stocks hitting the limit up, the index rising by 9.79%, and Maotai rising by 8.61%. The surge was driven by Maotai's sales price exceeding expectations, reform gaining recognition, real estate policies being loosened, and expectations of PPI turning positive. On January 30, Maotai's wholesale price continued to rise, with prices of Feitian, vintage liquor, and zodiac liquor all increasing, and channels experiencing strong sales. It is expected that the industry will bottom out in 2026, with the market share of leading companies expected to increase, and there is optimism for investment opportunities in the liquor sector around the Chinese New Year. Tianfeng's research report stated that the current round of the liquor sector has undergone about 5 years of adjustment, and the industry's valuation and institutional positions are currently at historical lows. The market is currently relatively pessimistic about the liquor sector as a whole, and the overall fundamentals of the industry will need the recovery of external macroeconomic demand. However, in the current stock market environment, stock prices may bottom out ahead of fundamentals.