Ping An Securities: Popular Foods is expected to accelerate development, following four main lines

Jinshi data news on December 23rd, Ping An Securities research report pointed out that the popular food and beverage zone in the current food and beverage industry directly benefits from the macroeconomic recovery; the direct issuance of consumer vouchers and other policies directly boosts the consumer confidence in the popular food and beverage zone; compared with Baijiu, the inventory burden is lighter, the adjustment pace is faster, and it may adjust earlier and have investment value. In the medium and long term, with the improvement of the macroeconomy, residents' pursuit of a better life will continue to drive the continuous upgrading of consumption, and popular food and beverage is expected to accelerate development. It is recommended to follow four main lines: pro-cyclical, high prosperity, cyclical inflection point, and cost dividend.