Consumer High-Frequency Data Rebounds, Tianhe Food and Beverage ETF (159736) Tracks Index Up Nearly 1%, Institutions: Seasoning Price Increase Wave Approaching

On March 16, the three major indices opened with mixed gains and losses: the Shanghai Composite Index opened down 0.08%, the Shenzhen Component Index up 0.07%, and the ChiNext Index up 0.41%. The CSI Food and Beverage Index rose 0.81%. Among its constituent stocks, Jindawei increased over 5%, Xiwang Food rose nearly 5%, and Xinnuowei increased nearly 4%.

Regarding related ETFs, the Tianhong Food and Beverage ETF (159736) had a trading volume of 2.3022 million yuan at the time of writing, with a real-time premium rate of 0.06%. The latest circulating shares of this ETF are 7.936 billion, with a total circulation scale of 5.255 billion yuan.

The Tianhong Food and Beverage ETF (159736, OTC Class C 001632) tracks the CSI Food and Beverage Index, focusing on high-end and mid-high-end leading stocks in the liquor sector, as well as leading stocks in segments such as beverages, dairy products, seasonings, and beer. The top ten holdings include Moutai, Wuliangye, Yanghe, Yili, and Haitian.

According to media reports, the National Development and Reform Commission’s National Information Center Big Data Development Department revealed that in January and February this year, high-frequency data on consumption and investment showed signs of recovery. In terms of consumption, merchandise consumption increased by 5.7% year-on-year, and service consumption increased by 1.1%.

Guotai Haitong Securities predicts that a new round of price hikes for seasonings is imminent. Leading companies with comprehensive product lines and early adoption of new demand are expected to benefit from marginal recovery in catering demand, potentially achieving excess returns in the catering channel with simultaneous growth in volume and price.