Kweichow Moutai Co Ltd, China’s iconic high-end spirit maker, saw its share price exceed 1,000上海会所
上海会所yuan ($145) per share during Thursday trading, making a historical breakthrough and becoming the
most expensive stock in the A-share market, aided by continuously growing demand and its good earnings.上海会所
上海会所Most investors are not surprised by the robust performance of Moutai. Earlier this year, many investment firms, incl
上海会所uding Goldman Sachs and China International Capital Corp Ltd, were bullish on the growth potential of the stock.
They set the target price of Moutai at more than 1,000 yuan per share, attri
buting it to China’s sustained supply-side reforms and consumption upgrade, which have boosted investor sentiment toward such consumer stocks.
上海会所Moutai, a distiller from Maotai town in southwestern China’s Guizhou province, has made substantial gains this year. On Jan 1, it
closed at 598.98 yuan per share. On Thursday, it closed at 996.35 yuan per share, and its share price has surged 66 per上海会所
cent so far this year. Its performance has been better than 90 percent of the A-share listed companies.上海会所品茶微信
Now, its market value stands at 1.24 trillion yuan. Previously, it became the first consumer st
ock with a market value exceeding 1 trillion yuan. Last year, the overall GDP of Guizhou province reached 1.4上海会所
上海会所品茶微信8 trillion yuan, meaning the market value of Moutai accounts for nearly 85 percent of provincial GDP.
Moutai became the first stock that exceeded 1,000 yuan per share after 27 years. More than tw
o decades ago, there was a stock－now named INESA Holding Group－which once exceeded 1,000 yuan pe
r share. The company has experienced multiple structural 上海会所品茶微信changes and now its market value is less than 10 billion yuan.
Other major上海会所 liquor makers are reporting solid sales and also saw outsta
nding performance during Thursday trading. They include Sichuan province-based W
uliangye Yibin Co Ltd and LuzhouLaojiao Group, which led the advance of the spirits and consumer sector.