Ping An Securities maintains the recommended rating of Kweichow Moutai: Revenue breaks through the 100 billion mark, opening a new chapter in the “14th Five-Year Plan”_ 东方 Fortune.com

SafetySecuritiesReleased on January 04Research reportTo maintainKweichow Moutai(600519.SH, latest price: 2051.23 yuan) recommended rating.The reasons for the rating mainly include: 1) Investment in packaging and logistics projects to meet the storage capacity of liquor; 2) Chairman Maotai changed his command and actively carried out market-oriented reforms; 3) Cancelled the Feitian Moutai unpacking order,HPPolicies; 4) The new treasure Moutai will be launched on the market, and a comprehensive upgrade of ultra-high-end new products; 5) Both the volume and price will rise in the future, and the “recommended” rating will be maintained. Risk warning: 1) Downside risks of the liquor industry’s prosperity. The liquor industry’s prosperity is highly correlated with price trends. If liquor prices fall, it may lead to a significant slowdown in corporate revenue growth. 2) The change of management may easily lead to business fluctuation risks. Liquor companies are greatly affected by business strategies, such as changing management, may cause significant fluctuations in corporate revenue and profits. 3) Policy risk. Liquor industry demand and tax rates are greatly affected by policies. Changes in related policies may have a greater impact on corporate revenue and profits.

AI Comments:Kweichow Moutai13 copies in the past monthBrokerageThe research report pays attention to buying 10 companies, with an average target price of 2,440 yuan, which is 388.77 yuan higher than the latest price of 2,051.23 yuan, and the target average price has increased by 18.95%.

(Source: Daily Economic News)

Article source: Daily Economic News

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Original title: Ping An Securities maintains the recommended rating of Kweichow Moutai: Revenue breaks through the 100 billion mark, opening a new chapter in the “14th Five-Year Plan”