BUZZ-Kweichow Moutai set for biggest rise in nine weeks on flagship liquor price hikes

Reuters03-31
BUZZ-<a href="https://laohu8.com/S/600519">Kweichow Moutai</a> set for biggest rise in nine weeks on flagship liquor price hikes

** Shares of Chinese liquor maker Kweichow Moutai 600519.SS climb 4.2% to 1,479.93 yuan

** Stock on course for the biggest one-day pct rise since January 29, if gains hold

** Stock touches the highest level since March 18 in the third straight session of gains

** Kweichow Moutai announces price hikes for flagship liquor, with ex-factory wholesale price of Feitian 53% vol 500ml Moutai (2026) up by 8.6% per bottle and direct retail price up by 2.7% per bottle, effective March 31

** Citi maintains "buy" on the stock saying it is a positive surprise of average selling price (ASP) hikes as it is the first wholesale ASP hike since Nov 1, 2023

** YTD, stock up 5.8%, while CSI Liquor Index .CSI399997 down 9.9%

($1 = 6.9088 Chinese yuan renminbi)

(Reporting by Donny Kwok)

((donny.kwok@thomsonreuters.com))

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