华创证券：白酒优选高端确定，大众主推困境反转

中国地震台网正式测定：07月26日07时58分在云南临沧市凤庆县（北纬24.46度，东经99.85度）发生3.3级地震，震源深度8千米。","multimedia":{"img_url":["https://n.sinaimg.cn/zhibo/408/w690h518/20220726/828d-193e47535c6f7872dfa569cb5ea787e2.jpg"]},"commentid":"live:finance-152-2752320:0","compere_id":0,"creator":"yongsheng6@staff.sina.com.cn","mender":"yongsheng6@staff.sina.com.cn","create_time":"2022-07-26 08:06:09","update_time":"2022-07-26 08:06:09","is_need_check":"0","check_time":"1970-01-01 08:00:01","check_status":"1","check_user":"","is_delete":0,"top_value":0,"is_focus":0,"source_content_id":"0","anchor_image_url":"","anchor":"直播员","ext":"{"stocks":[],"needPush":false,"needAIPush":false,"needCMSLink":true,"needCalender":false,"needProvince":"云南"}","old_live_cid":"0","tab":"","tag":[{"id":"8","name":"其他"}],"like_nums":0,"comment_list":{"list":[],"total":0,"thread_show":0,"qreply":0,"qreply_show":0,"show":0},"docurl":"","rich_text_nick_to_url":[],"rich_text_nick_to_routeUri":[],"compere_info":""},{"id":2752319,"zhibo_id":152,"type":0,"rich_text":"【华创证券：白酒优选高端确定，大众主推困境反转】华创证券指出，白酒板块高端引领估值切换，布局管理改善驱动预期反转的alpha机会。行业需求改善方向明确，中报韧性较足，高端确定性突出，次高端处于预期消化阶段，等待需求斜率向上信号带来的布局时机。标的上首推茅台，公司内部管理更加主动作为，步伐主动提速，进入上行加速周期，有望带来估值中枢上移，也是板块估值锚上移重要支撑。紧握估值合理、确定性高的汾酒、老窖，同时加大挖掘管理改善驱动预期反转的alpha标的，建议加大布局预期底部的五粮液，持续推荐洋河和古井，关注舍得和老白干。