Chinese liquor stock that drew comparisons to bitcoin is clinging to 2020 gains

cnbc2021-03-15

KEY POINTS Kweichow Moutai sells "baijiu" which has an alcohol content of about 43% to 53% and can cost about a few hundred U.S. dollars per bottle. Moutai is the strongest brand in the high-end ...

Source Link

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

SillyOldBear
2021-03-15
SillyOldBear
Moutai for the win!
- Jkcubz:
  Ok
Fredwkh
2021-03-15
Fredwkh
Pls like and comment for coins
- Iykyk:
  OK
ZefactoTrader
2021-03-15
ZefactoTrader
HairyTai
kino318
2021-03-15
kino318
希望能買到這股，也希望收幾支茅臺慢慢品嚐。
Lynny
2021-03-15
Lynny
Buy after drinking... ?
TraderKay
2021-03-15
TraderKay
Like my comment plz
- Fumiyo:
  ok

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/1110317271?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2021-03-15 11:47","share_image_url":"https://static.laohu8.com/72bb72e1b84c09fca865c6dcb1bbcd16","id":"1110317271","market":"sh","top_or_hot":-1,"title":"Chinese liquor stock that drew comparisons to bitcoin is clinging to 2020 gains","media":"cnbc","content":"<div>\n<p>KEY POINTS\n\nKweichow Moutai sells \"baijiu\" which has an alcohol content of about 43% to 53% and can cost about a few hundred U.S. dollars per bottle.\nMoutai is the strongest brand in the high-end ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/15/chinese-liquor-stock-compared-to-bitcoin-is-clinging-to-2020-gains.html\">Source Link</a>\n\n</div>\n","source":"cnbc_highlight","html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Chinese liquor stock that drew comparisons to bitcoin is clinging to 2020 gains</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nChinese liquor stock that drew comparisons to bitcoin is clinging to 2020 gains\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-03-15 11:47 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://www.cnbc.com/2021/03/15/chinese-liquor-stock-compared-to-bitcoin-is-clinging-to-2020-gains.html><strong>cnbc</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>KEY POINTS\n\nKweichow Moutai sells \"baijiu\" which has an alcohol content of about 43% to 53% and can cost about a few hundred U.S. dollars per bottle.\nMoutai is the strongest brand in the high-end ...</p>\n\n<a href=\"https://www.cnbc.com/2021/03/15/chinese-liquor-stock-compared-to-bitcoin-is-clinging-to-2020-gains.html\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"000858","symbol_name":"五粮液","start_time":0,"source_url":"https://www.cnbc.com/2021/03/15/chinese-liquor-stock-compared-to-bitcoin-is-clinging-to-2020-gains.html","article_id":"1110317271","we_media_id":null,"thumbnails":[],"rights":{"source":"cnbc_highlight","url":"https://www.cnbc.com/2021/03/15/chinese-liquor-stock-compared-to-bitcoin-is-clinging-to-2020-gains.html","rn_cache_url":null,"customStyle":"body{padding-top:10px;}.ArticleHeader-headline{#titleStyle#}a{#lv2TextColor#}.ArticleHeader-time, .Author-authorNameAndSocial a{#sourceStyle#;}","selectors":".PageBuilder-pageWrapper","filters":".ArticleHeader-eyebrow, .RelatedTags-relatedTags","directOrigin":true},"url":"https://stock-news.laohu8.com/highlight/detail?id=1110317271","pubTimestamp":1615780037,"columns":[],"sourceInfo":{"source_id":"cnbc_highlight","name":"CNBC"},"weMediaInfo":null,"summary":"KEY POINTS\n\nKweichow Moutai sells \"baijiu\" which has an alcohol content of about 43% to 53% and can ","collect":0,"end_time":0,"defaultTopTitle":"cnbc.com","property":[],"viewcount":null,"language":"en","relate_stocks":{"600519":"贵州茅台","000858":"五粮液"},"translate_title":"与比特币相提并论的中国白酒股在2020年仍保持着涨幅","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"600519":0.9,"000858":0.9},"content_text":"KEY POINTS\n\nKweichow Moutai sells \"baijiu\" which has an alcohol content of about 43% to 53% and can cost about a few hundred U.S. dollars per bottle.\nMoutai is the strongest brand in the high-end baijiu market, and will grow its share even as China's drinking culture subsides, said Luo Hao, equity analyst with Global Capital Investment at China Asset Management.\nEarlier this year, the stock's rapid surge in price drew internet memes comparing it to bitcoin's high-flying price and the GDP of Chinese cities.\n\nKweichow Moutai is the most famous Chinese liquor brand, regarded as the national liquor in China.\nBEIJING — The biggest stock in the mainland Chinese \"A share\" market is a liquor company that analysts are betting on for the long term, despite its plunge in the last month.\nKweichow Moutai sells \"baijiu\" which has an alcohol content of about 43% to 53% and can cost about a few hundred U.S. dollars per bottle. Baijiu — literally \"white spirits\" — is a staple at Chinese business and government dinners for forging relationships and deals.\nThe stock was down about 1% year-to-date as of Monday morning, holding 2020's gains of roughly 70%.\nEarlier this year, the stock's rapid surge in price drew internet memes comparing it to the GDP of Chinese cities and bitcoin's high-flying price. Cryptocurrency bitcoin has surged more than 80% this year to above $60,000.\nMoutai's share price had climbed 30% from Dec. 31 to a record high just before the Lunar New Year in mid-February, when it achieved a market value of $500 billion. That's been shaved by over $100 billion in the weeks since, as shares fell more than 20% amid a broad sell-off in Chinese stocks.\nBut Kweichow Moutai still has a bigger valuation than any other mainland A share stock, including the giant ICBC bank, according to Wind Information.\nMoutai is the strongest brand in the high-end baijiu market and will grow its share even as China's drinking culture subsides, said Luo Hao, equity analyst with Global Capital Investment at China Asset Management.\nHe pointed to the company's steady growth and returns for investors as reasons why he favors the stock.\nMoutai expects it made about 97.7 billion yuan ($15.1 billion) in operating income last year, for growth of 10% amid the coronavirus pandemic. The company is set to release final 2020 results at the end of this month, according to Bernstein analysts.\nGrowing foreign ownership\nWind data showed that as of March 11, the liquor stock had the largest number of non-mainland institutions investing in it among A share stocks, with 101 firms holding 7.7% of the total market share. That's up from only a handful of firms earlier this year, the database showed.\nMoutai and another baijiu manufacturer,Wuliangye,are the top two members of MSCI's China A index, which is tracked by many foreign funds wanting to invest in China.\n\"We have a positive long-term view on the China Ultra Premium Baijiu. We expect superior industry value growth to be driven by increasing incomes which will continue driving affordability led up-trading,\" Bernstein analysts said in a note this month.\nWhile they prefer Wuliangye to Moutai due to supply chain and governance concerns, the Bernstein analysts still have a \"buy\" rating on Moutai and a price target of 2,500 yuan a share. That's up more than 20% from Moutai's Friday closing price of 2,026 yuan per share.","kind":"news","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[{"id":322120109,"gmtCreate":1615784608701,"gmtModify":1704786447309,"author":{"id":"3559770113710833","authorId":"3559770113710833","name":"SillyOldBear","avatar":"https://static.tigerbbs.com/ef207140107fde8983f710c746a5b404","vip":1,"crmLevel":2,"crmLevelSwitch":0,"idStr":"3559770113710833","authorIdStr":"3559770113710833"},"htmlText":"Moutai for the win!","listText":"Moutai for the win!","text":"Moutai for the win!","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/322120109","repostId":1110317271,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3796310,"gmtCreate":1615784766825,"gmtModify":1680780394267,"authorId":3570709291573644,"author":{"id":3570709291573644,"idStr":"3570709291573644","authorId":3570709291573644,"name":"Jkcubz","avatar":"https://static.tigerbbs.com/454005a90377851a88dcde78f7b9fc15","vip":1,"crmLevel":2,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322120109,"type":1,"supId":0,"prevId":0,"content":"Ok","text":"Ok","html":"Ok"}],"langContent":"EN"},{"id":322164069,"gmtCreate":1615784334751,"gmtModify":1704786443051,"author":{"id":"3570424148942091","authorId":"3570424148942091","name":"Fredwkh","avatar":"https://static.tigerbbs.com/301d103aff8ff9955978aa630ee85588","vip":1,"crmLevel":7,"crmLevelSwitch":1,"idStr":"3570424148942091","authorIdStr":"3570424148942091"},"htmlText":"Pls like and comment for coins","listText":"Pls like and comment for coins","text":"Pls like and comment for coins","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/322164069","repostId":1110317271,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3796285,"gmtCreate":1615784430635,"gmtModify":1680780392901,"authorId":3561094934768918,"author":{"id":3561094934768918,"idStr":"3561094934768918","authorId":3561094934768918,"name":"Iykyk","avatar":"https://community-static.tradeup.com/news/4330127ff99e15a7dc358c141514b8c3","vip":1,"crmLevel":5,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322164069,"type":1,"supId":0,"prevId":0,"content":"OK","text":"OK","html":"OK"}],"langContent":"EN"},{"id":322165405,"gmtCreate":1615784306907,"gmtModify":1704786442720,"author":{"id":"3574980150965538","authorId":"3574980150965538","name":"ZefactoTrader","avatar":"https://static.tigerbbs.com/394063a289e727c8c5c2734207c9aabd","vip":1,"hat":"https://static.tigerbbs.com/50a4c8d97279fa9f8f1fa9749a6bdff4","crmLevel":9,"crmLevelSwitch":1,"idStr":"3574980150965538","authorIdStr":"3574980150965538"},"htmlText":"HairyTai","listText":"HairyTai","text":"HairyTai","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":1,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322165405","repostId":1110317271,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322166792,"gmtCreate":1615784139716,"gmtModify":1704786439783,"author":{"id":"3578134255896974","authorId":"3578134255896974","name":"kino318","avatar":"https://static.tigerbbs.com/e983f44b7853b7b8c10f1b3f6e19dc68","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3578134255896974","authorIdStr":"3578134255896974"},"htmlText":"希望能買到這股，也希望收幾支茅臺慢慢品嚐。","listText":"希望能買到這股，也希望收幾支茅臺慢慢品嚐。","text":"希望能買到這股，也希望收幾支茅臺慢慢品嚐。","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322166792","repostId":1110317271,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"CN"},{"id":322184481,"gmtCreate":1615783527343,"gmtModify":1704786430930,"author":{"id":"3576275613425159","authorId":"3576275613425159","name":"Lynny","avatar":"https://static.tigerbbs.com/7c0b8b78e97626dedf9ed61da1957ab7","vip":1,"crmLevel":6,"crmLevelSwitch":0,"idStr":"3576275613425159","authorIdStr":"3576275613425159"},"htmlText":"Buy after drinking... ?","listText":"Buy after drinking... ?","text":"Buy after drinking... ?","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":0,"commentSize":0,"repostSize":0,"link":"https://ttm.financial/post/322184481","repostId":1110317271,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"langContent":"EN"},{"id":322181282,"gmtCreate":1615783098846,"gmtModify":1704786424031,"author":{"id":"3574894601222142","authorId":"3574894601222142","name":"TraderKay","avatar":"https://static.tigerbbs.com/9a6982e20765a75972d04e4d50332417","vip":1,"crmLevel":3,"crmLevelSwitch":0,"idStr":"3574894601222142","authorIdStr":"3574894601222142"},"htmlText":"Like my comment plz","listText":"Like my comment plz","text":"Like my comment plz","images":[],"top":1,"highlighted":1,"essential":1,"paper":1,"likeSize":2,"commentSize":1,"repostSize":0,"link":"https://ttm.financial/post/322181282","repostId":1110317271,"repostType":4,"isVote":1,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"tweetType":1,"comments":[{"id":3796209,"gmtCreate":1615783629245,"gmtModify":1680780397703,"authorId":3570336970209686,"author":{"id":3570336970209686,"idStr":"3570336970209686","authorId":3570336970209686,"name":"Fumiyo","avatar":"https://static.tigerbbs.com/b65de2d6a23385f374374d427d29dd42","vip":1,"crmLevel":3,"crmLevelSwitch":0,"individualDisplayBadges":[]},"repliedAuthorId":0,"objectId":322181282,"type":1,"supId":0,"prevId":0,"content":"<u>ok</u>","text":"<u>ok</u>","html":"<u>ok</u>"}],"langContent":"EN"}],"isCommentEnd":false,"newsSizeData":{"likeSize":48,"commentSize":14,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/1110317271"}