Kweichow Moutai's Net Profit Margin May Expand This Year -- Market Talk

Dow Jones05-02

0200 GMT - Kweichow Moutai will likely see its net profit margin expand in 2024 due to higher average selling price and continuous expansion in the direct sales channel, UOB Kay Hian analysts say in a research note. The Chinese liquor giant's 18% 1Q revenue growth is ahead of its 15% growth target in 2024, reflecting a strong start to the year thanks to the Lunar New Year holiday demand surge, the analysts say. Moutai's plan to increase average selling price of its non-core brands by launching new products should also bode well for its margins, they add. UOB KH maintains a buy call on Moutai and keeps its target at CNY2,488.00. Shares last closed at CNY1,705.00. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

May 01, 2024 22:00 ET (02:00 GMT)

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Moutai's plan to increase average selling price of its non-core brands by launching new products should also bode well for its margins, they add. UOB KH maintains a buy call on Moutai and keeps its target at CNY2,488.00. Shares last closed at CNY1,705.00. 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The Chinese liquor giant's 18% 1Q revenue growth is ahead of its 15% growth target in 2024, reflecting a strong start to the year thanks to the Lunar New Year holiday demand surge, the analysts say. Moutai's plan to increase average selling price of its non-core brands by launching new products should also bode well for its margins, they add. UOB KH maintains a buy call on Moutai and keeps its target at CNY2,488.00. Shares last closed at CNY1,705.00. 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