On September 27, the food and beverage sector was again active. As of press release, Plum Garden Up more than 9%, Good shop 、 Fuling pickle 、 Qianhe Flavor Industry And the increase exceeds 5%, Golden arowana 、 Yantang Dairy 、 Chengde Lulu 、 Laiyifen 、 Dongpeng Beverage 、 Tasteless food 、 Sanquan Food 、 Haitian Flavor Industry Wait to keep up.
Since the second half of last year, the cost of soybeans, packaging materials and other raw materials for condiments has risen significantly. The profit of enterprises and channels is under serious pressure, and there are many calls for price increases. Recently, it was reported that Haitian would start to limit its products on September 26 according to different conditions of dealers. After that, it is expected to increase the price of soy sauce, oyster sauce and other products by about 5%. At present, no specific documents have been issued, and it is mainly the salesperson who will orally convey information to the channel, which is expected to be implemented in October. On the evening of the 26th, Haitian Flavor Industry announced that the cost of major raw materials, transportation, energy, etc. has continued to rise sharply this year, which has brought certain challenges to the company's operation. Recently, the company is evaluating whether to adjust the product price, but the price adjustment plan has not been finalized.
Founder Securities It is believed that for enterprises, the increase in price will help dealers speed up the de stocking process. Moreover, the price increase can alleviate the cost pressure to a certain extent, reorganize the channel profit distribution system, and improve channel profits. But at the same time, we should also pay attention to the fact that at present, the demand is weak and the overall inventory of the industry is high. The price increase has caused inventory transfer. The smooth transmission of the price system is still uncertain. The destruction of community group buying to the price system has not stopped completely. It is necessary to observe the dynamic sales after the price increase. In the long run, the weak demand is only temporary, and the overall upward trend of industrial consumption upgrading+catering recovery remains unchanged. If Haitian can raise prices smoothly, it is expected that competing products will follow up one after another under cost pressure, set off a wave of price increases in the industry, and drive the overall channel smooth. It is expected that the performance of the industry in the third quarter will improve, and it is recommended to select individual stocks according to the follow-up dynamic sales.
Guohai Securities He said that at present, the food sector has disclosed the mid report. Affected by the rising cost of raw materials and the high base of the epidemic last year, the performance of snack food, quick frozen food, rice, flour, grain and oil, condiments and other sectors has been affected. At the same time, in the first half of the year, the development of community group buying was hot, low price products attracted traffic, and the flow of traditional supermarket and vegetable market channels declined, which had a certain impact on condiments, leisure snacks, and frozen food. With the cold weather in the third and fourth quarters and the arrival of festivals, the consumption peak season of leisure snacks, quick-frozen food and other sectors has also been ushered in. It is recommended to pay attention to Qiaqia Food 、 Anjing Food Sanquan Food.
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