Summary
[CITIC Securities: Maintain the target price of Wuliangye 320 yuan and maintain the “Buy” rating]CITIC Securities believes that Wuliangye will start the “14th Five-Year Plan” journey in 2021, with strong sales and upward approval. It expects to exceed the target at the beginning of the year and achieve the classic Wuliangye. Targets such as 2,000 tons and 30% of group purchases. It is estimated that in the “14th Five-Year Plan” period, the income of wine will exceed 100 billion yuan, and the classic Wuliangye will gradually increase the volume to exceed 10,000 tons. The company is moving forward steadily in the new stage of development, and the potential of the strong fragrance king is expected to be further released, which will achieve high-certainty and rapid growth driven by the brand. The target price of Wuliangye is maintained at 320 yuan and the rating of “Buy” is maintained. (Securities Times)
CITIC Securitiesthink,WuliangyeStart the “14th Five-Year Plan” journey in 2021, with strong sales & rising approval prices, and expect to exceed the target at the beginning of the year for the whole year and achieve the classicWuliangyeTargets such as 2,000 tons and 30% of group purchases.It is estimated that the “14th Five-Year Plan” will achieve over 100 billion wine revenues, a classicWuliangyeGradually increase the volume and exceed 10,000 tons. The company is moving forward steadily in the new stage of development, and the potential of the strong fragrance king is expected to be further released, which will achieve high-certainty and rapid growth driven by the brand. The target price of Wuliangye is maintained at 320 yuan and the rating of “Buy” is maintained.
(Source: Securities Times)
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