Moutai shares broke 1200 yuan

Today, the stock price of Kweichow Moutai has risen against the market. It has risen nearly 2%. The stock price has reached a record high of 1202.68 yuan. The total market value exceeded 1.5 trillion yuan for the first time, second only to ICBC, China Construction Bank and China Ping An.

Kweichow Moutai will announce its third quarter results today.

In the first three quarters, the value of Kweichow Moutai increased by 734.549 billion yuan, ranking first in the two cities; the market value of Ping An was also more than 500 billion yuan. We must know that in the first half of this year, only 9 cities in Beijing, Shanghai, Chengdu and Wuhan have a GDP of more than 700 billion yuan, which means that the market value of Guizhou Moutai in the first three quarters exceeded the GDP of the first half of China’s 328 cities. The half-year GDP of first-tier cities and some new first-tier cities is above the value of Guizhou Moutai, and cities below the second and second tiers can only hope for their backs.

In the past six months (April-September), a total of 38 brokers issued 107 research reports recommending Kweichow Moutai. Among them, Dongxing Securities gave its highest target price of 1,424 yuan / share, Guoxin Securities gave its lowest target price of 1,150 yuan / share, as of October 8 closing, the current price of the stock has exceeded the minimum target price of 1167.1 yuan /share.

The recommendation logic of China Merchants Securities for Kweichow Moutai is: “Guizhou Moutai has introduced multiple measures to ensure stable price. Recently, Moutai policy has been frequent, allowing dealers to implement quotas in the fourth quarter in advance, and cooperating with e-commerce directly. Suppressing the rapid increase in the price of the approval, it is expected to benefit from real consumption. It is expected that the recent approval will be slightly lower, and the third-quarter report will be positive, and stable growth will be guaranteed. Considering the shortage of supply and demand, and e-commerce to open up new consumers, it is expected that At the end of the year, the pricing space will remain stable, and the high-end liquor will continue to be booming.”

桑拿技师