|Bid||716.82 x 0|
|Ask||716.87 x 0|
|Day's Range||712.00 - 727.00|
|52 Week Range||440.11 - 799.06|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||N/A|
Dec.19 -- Kweichow Moutai Group is the world's largest liquor company with a market cap of more than $120B, yet it has ambition of growing more in the coming years. Chairman Yuan Renguo spoke exclusively to Bloomberg, saying he wants to bolster sales and expand into financial services.
MSCI, the U.S. index publisher, said on Tuesday it will include 234 Chinese large cap stocks in its global and regional indexes on June 1, setting the stage for capital markets in the world's second-biggest economy to get a boost from a potential surge of foreign money. In a quarterly review, MSCI ejected nine companies and added 11 from the proposed MSCI China A Inclusion Index, slightly altering the expected weighting that the Chinese stocks will have in MSCI's emerging market index.
Global market research and index company MSCI Inc said on Tuesday it would add 234 China-listed shares to its emerging market benchmark in a two-step process in June and September, a move expected to drive a surge of foreign inflows into the country's stock markets. While some foreign investors are still haunted by memories of China's 2015 stock market crash and concerns about Sino-U.S. trade frictions, a deeper fear of missing out is widely expected to boost overseas investments in mainland stocks. MSCI's decision last June to include yuan-denominated Chinese stocks, known as "A-shares", into its emerging market (EM) index triggered a rally in Chinese blue-chips in 2017, though the market has corrected this year amid fears that a trade war will undermine the world's second-largest economy.
April 28 (Reuters) - Kweichow Moutai Co Ltd: * SAYS Q1 NET PROFIT UP 38.9 PERCENT Y/Y Source text in Chinese: https://bit.ly/2HU5I4y Further company coverage: (Reporting by Hong Kong newsroom)
Global market research and index company MSCI Inc will add around 230 China-listed shares to its emerging market benchmark in a two-step process in June and September, a move expected to unleash a surge of foreign inflows into the country's stock markets. While some foreign investors are still haunted by memories of China's 2015 stock market crash and concerns about Sino-U.S. trade frictions, a deeper fear of missing out is widely expected to boost overseas investments in mainland stocks. MSCI's decision last June to include yuan-denominated Chinese stocks, known as "A-shares", into its emerging market (EM) index triggered a rally in Chinese blue-chips in 2017, though the market has corrected this year amid fears that a trade war will add to risks for the world's second-largest economy.
Kweichow Moutai Co. raised its annual revenue forecast after the world’s most valuable distiller in January increased the price for its signature drink for the first time in five years.
March 27 (Reuters) - Kweichow Moutai Co Ltd: * SAYS 2017 NET PROFIT UP 62.0 PERCENT Y/Y Source text in Chinese: https://bit.ly/2umedQr Further company coverage: (Reporting by Hong Kong newsroom)
Jan 30 (Reuters) - Kweichow Moutai Co Ltd: * SAYS IT EXPECTS 2017 NET PROFIT TO RISE 58 PERCENT Y/Y FROM 16.7 BILLION YUAN ($2.64 billion) YEAR AGO Source text in Chinese: http://bit.ly/2BDlutk Further ...
Jan 17 (Reuters) - Chinese Energy Holdings Ltd: * CO ACQUIRED ON-MARKET SHARES OF KWEICHOW MOUTAI CO ON 10 JAN FOR PRICE BETWEEN RMB780 AND RMB785 PER SHARE * KWEICHOW MOUTAI CO SHARES BOUGHT FOR TOTAL ...
China's luxury goods market is back in fashion. Domestic sales of Gucci handbags to Chanel cosmetics, sluggish in China for years, rose at the fastest pace in over half a decade last year and are poised to consolidate the gains in 2018, according to consultancy Bain & Co. Sales of luxury goods in China hit 142 billion yuan ($22.07 billion) last year, up around 20 percent from the year before, Bain & Co said in a report on Wednesday.
China’s Kweichow Moutai Co. has topped LVMH Moet Hennessy Louis Vuitton SE in market capitalization as the most valuable stock on Bloomberg Intelligence’s Global Luxury Goods Top Peers Index. Moutai’s ...
* PREVIOUS TRADING SESSION MOVES: * SSEC +0.5 pct, CSI300 +0.5 pct, HSI +0.3 pct * HK- Shanghai Connect daily quota used 5.7 pct, Shanghai- HK daily quota used 24.9 pct * HK- Shenzhen Connect ...
China Resources Beer (Holdings) Co Ltd said on Monday it had "moderately" raised prices of some of its products in certain regions, becoming the latest Chinese drinks maker to confirm price increases in response to higher packaging, raw material and labour costs. The owner of China's top beer brand, Snow, said it had adopted various measures, including lean marketing and production as well as product refinement, to absorb the cost pressure. The company's shares hit a record high in Hong Kong on Friday on press reports that brewers, including China Resources and rival Tsingtao Brewery Co Ltd, raised some prices from Jan. 1 citing rising costs of materials, labour, transportation and for environmental protection.
Jan 8 (Reuters) - Kweichow Moutai Co Ltd: * SAYS IT PLANS TO INCREASE MOUTAI LIQUOR'S MARKET SUPPLY BEFORE CHINESE NEW YEAR HOLIDAYS TO COPE WITH CONSUMER NEEDS Source text in Chinese: http://bit.ly/2md9Fp4 ...
Chinese liquor maker Kweichow Moutai Co Ltd said on Thursday it expects revenue to have jumped 50 percent this year but added that sales growth would moderate sharply in 2018, with the firm aiming for a rise of at least 10 percent. The rebound has in turn propelled its share price higher with Moutai now boasting a market value of about $128 billion - the biggest of any alcohol firm in the world and 43 percent higher than nearest rival Diageo. Moutai said it expected 2017 revenue would top 60 billion yuan ($9.2 billion), with the 50 percent growth rate marking its strongest rise since 2011.
Dec 28 (Reuters) - Kweichow Moutai Co Ltd: * SAYS IT SEES MOUTAI SALES VOLUME TO RISE ABOUT 34 PERCENT Y/Y IN 2017 * SAYS IT SEES 2017 TOTAL BUSINESS REVENUE TO RISE ABOUT 50 PERCENT Y/Y TO MORE THAN 60 ...
* PREVIOUS TRADING SESSION MOVES: * SSEC -0.9 pct, CSI300 -1.5 pct, HSI +0.1 pct * HK- Shanghai Connect daily quota used 6.2 pct, Shanghai- HK daily quota used 9.4 pct * HK- Shenzhen Connect daily ...
Dec 27 (Reuters) - Shanghai Stock Exchange: * FILING SHOWS BLOCK TRADE OF KWEICHOW MOUTAI'S 2.94 MILLION SHARES INVOLVING 1.91 BILLION YUAN ($291.47 million) ON DEC 27 Source text in Chinese: http://bit.ly/2yJZikT ...
China Kweichow Moutai Distillery Group is planning initial public offerings for three businesses by 2020 as the world’s most valuable spirits company expands beyond its core liquor operations.
Kweichow Moutai, the Chinese drinkmaker made famous when Richard Nixon drank its fiery sorghum liquor on his historic state visit to Beijing in 1972, has been the toast of the mainland's blue chip stock rally, surging 93 percent this year. More broadly, the blue-chip index is up about 22 percent this year, though it's been a bumpy ride higher.
* PREVIOUS TRADING SESSION MOVES: * SSEC -0.3 pct, CSI300 -0.6 pct, HSI -2.1 pct * Shanghai- HK daily quota used 11.4 pct * CNY official close 6.6145 per dollar * FTSE China A50 -1.2 pct, BNY Mellon ...
Dec 6 (Reuters) - Kweichow Moutai Co Ltd: * SAYS IT PLANS PRODUCTION EXPANSION PROJECT WITH INVESTMENT OF ABOUT 3.56 BILLION YUAN ($538.29 million) Source text in Chinese: http://bit.ly/2AeuPw4 Further ...
China’s Kweichow Moutai Co. rallied for the first time in eight days, halting a 14 percent tumble that was sparked by a critique of its gains from state-run media.