Guosen Securities' food & beverage team argues the market is in a gestation period for a new domestic-demand narrative, with fundamentals likely to materialize in H2 2027 but potentially traded ahead of time. For Q4, they recommend policy-sensitive baijiu and dairy names, highlighting Luzhou Laojiao and Gujing Gongjiu as high-beta picks, plus several turnaround/thematic small caps.
Guosen is tactically bullish on Chinese food & beverage, favoring baijiu and dairy for a policy-driven Q4 trading window, with Luzhou Laojiao and Gujing Gongjiu as top picks.
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