Kweichow Moutai Shares Look Slightly Undervalued -- Market Talk

Dow Jones08-12

0345 GMT - Kweichow Moutai's shares are slightly undervalued, says Jennifer Song, a senior equity analyst at Morningstar in a note. The Chinese liquor giant's decent 2Q results reaffirmed resilient demand for premium baijiu, despite still-sluggish consumer sentiment, the analyst says. Moutai's commitment to lift its regular dividend payout ratio to 75% through 2024-2026, from 52% over the past six years, also delivers a positive signal to the market, Song adds. "We believe Moutai's unique cultural status, unmatched brand image, and outstanding product quality, make it best-positioned to benefit from China's beverage premiumization trend over the mid- to long term," the analyst says. Morningstar maintains its fair value estimate of CNY1,780.00. Shares are last at CNY1,433.17.(amanda.lee@wsj.com)

(END) Dow Jones Newswires

August 11, 2024 23:45 ET (03:45 GMT)

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Moutai's commitment to lift its regular dividend payout ratio to 75% through 2024-2026, from 52% over the past six years, also delivers a positive signal to the market, Song adds. \"We believe Moutai's unique cultural status, unmatched brand image, and outstanding product quality, make it best-positioned to benefit from China's beverage premiumization trend over the mid- to long term,\" the analyst says. Morningstar maintains its fair value estimate of CNY1,780.00. 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The Chinese liquor giant's decent 2Q results reaffirmed resilient ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">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":"LU0878005551.USD","symbol_name":"UBS (LUX) KEY SELEC ASIA ALLOCATION OPPORTUNITY (USD) \"P\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2458647411","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2458647411","pubTimestamp":1723434300,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0345 GMT - Kweichow Moutai's shares are slightly undervalued, says Jennifer Song, a senior equity analyst at Morningstar in a note. 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The Chinese liquor giant's decent 2Q results reaffirmed resilient demand for premium baijiu, despite still-sluggish consumer sentiment, the analyst says. Moutai's commitment to lift its regular dividend payout ratio to 75% through 2024-2026, from 52% over the past six years, also delivers a positive signal to the market, Song adds. \"We believe Moutai's unique cultural status, unmatched brand image, and outstanding product quality, make it best-positioned to benefit from China's beverage premiumization trend over the mid- to long term,\" the analyst says. Morningstar maintains its fair value estimate of CNY1,780.00. 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