白酒行业深度报告：行业景气持续看好 龙头值得长期投资
天相投顾　　　2007年04月18日　　　29页



正 文 目 录
1.白酒行业介绍·························································································································5
1.1 白酒行业现状.....................................................................5
1.2 白酒香型介绍.....................................................................6
1.3 白酒行业发展的历程...............................................................7
1.4 国内各酒种情况比较...............................................................8
2. 看好白酒行业的几点因素··································································································11
2.1 我们处于消费全面升级的大环境中..................................................11
2.2 “人口红利”将会推动消费升级的加速..............................................12
2.3 国家产业政策对白酒行业的影响....................................................13
2.4 两大利好政策将提升白酒公司业绩..................................................15
3. 高档酒市场---白酒的圣地··································································································16
3.1 高档白酒市场的特点..............................................................16
3.2高档白酒贵得有理有据............................................................19
4. 白酒行业投资策略··············································································································20
4.1 龙头企业具有长期投资价值........................................................20
4.2 白酒行业主要公司简介............................................................21
4.3 如何看待目前的高估值............................................................22
4.4 风险提示........................................................................23
5. 白酒行业重点公司评述······································································································24
5.1 五粮液（000858）——解决关联交易 考验阁下耐心...................................24
5.2 泸州老窖（000568）——新秀白马 快马加鞭.........................................26
5.3 贵州茅台（600519）——你只需要持有..............................................26