HK Stock Market Move | ZJLD (06979) surged over 6%, Feitian Moutai prices increased, and the sales of Baijiu during the Chinese New Year season gradually started.

ZJLD (06979) rose more than 6%, as of the time of writing, it was up 6.47% at HKD 9.05, with a turnover of HKD 84.5965 million. On the news front, on January 29th, third-party platform data showed that the wholesale price of 53-degree, 500ml Feitian Moutai liquor continued to rise. The wholesale price of a 2025 Feitian Moutai case increased by 20 yuan/bottle from the previous day to 1620 yuan/bottle. In addition, the wholesale price of a 2026 Feitian Moutai case also rose by 20 yuan/bottle to 1610 yuan/bottle. Guosheng pointed out that the Spring Festival peak season for liquor sales is gradually starting, with the sales and wholesale prices of Moutai expected to lead the industry to achieve better-than-expected improvements. In the short term, it is advisable to focus on the demand for the Spring Festival and in the medium term to position oneself in various price levels with industry leaders. Kaiyuan Securities stated that the current valuation of the liquor sector is at a low level in recent years, with low market expectations and a good chip structure, and the fundamental situation is close to the bottom, making it worth considering positioning. Stockpiling for the Spring Festival peak season will be the key catalyst for sector performance, and it is recommended to focus on two main themes: Firstly, pay attention to targets that have undergone sufficient adjustment and have high elasticity in the future; secondly, focus on industry leaders with strong stability and outstanding risk resistance.