一次积极的情景测试：食品饮料行业跟踪周报近期普飞批价波动思考

东吴证券04-15

（以下内容从东吴证券《一次积极的情景测试：食品饮料行业跟踪周报近期普飞批价波动思考》研报附件原文摘录）引言：3月下旬以来茅台酒批价加速下探，对批价下行担忧于最近1周集中爆发，并引发市场对高端酒消费需求疑虑加深。对比近期茅台非标价格走势，我们认为茅台量价存在稳健需求支撑，营销端茅台调节工具箱丰富、大商渠道配合度高，对茅台销售兑现无需悲观。当前茅台股价已充分反映悲观情绪，认为后续股价走势具备较强安全...

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