0243 GMT - Kweichow Moutai's 2026 earnings are likely to be boosted by price increases of its key product Feitian Moutai, CGS International analysts say in a note. The liquor company raised the retail and wholesale prices of a Feitian Moutai's bottle by 2.7% and 8.55%, respectively. "This hike is the smallest on record, which we believe reflects the tepid recovery in the broader baijiu industry," the analysts say. CGS International expects Kweichow Moutai's 2026 revenue and net profit to each rise 6.3%. The brokerage maintains its add rating on the stock, but raises its target price to 1,595 yuan from 1,526 yuan. Shares are 1.0% higher at 1,464.01 yuan.(amanda.lee@wsj.com)
(END) Dow Jones Newswires
March 31, 2026 22:44 ET (02:44 GMT)
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