The Sino-Singapore Jingwei client has been on the rise on April 27, and the stock price of “Share King” Maotai in Guizhou has continued to rise. On the morning of the 27th, Guizhou Moutai opened higher and walked higher. It stood at 1,274.00 yuan in midday, setting a new historical high again, and the total circulation market value exceeded the 1.6 trillion integer mark.
As of midday closing, Guizhou Moutai rose 1.57%, with a quotation of 1270.19 yuan and a total market value of 1.5956 trillion yuan, ranking first in the A-share market.
Guizhou Maotai's recent share price trend source: Wind
Overall, since April, Guizhou Moutai's stock price has risen 14.33%.
On the evening of April 21, Guizhou Moutai disclosed that its 2019 annual report showed that it achieved total operating income of 88.854 billion yuan, an increase of 15.1% year-on-year; net profit attributable to the parent company owner was 41.206 billion yuan, an increase of 17.05% year-on-year.
At the same time, Guizhou Maotai once again announced a generous dividend plan, that is, it plans to pay 170.25 yuan for every 10 shares, and the total cash dividend is 21.387 billion yuan, accounting for 51.9% of the current net profit.
CITIC Securities said that in the future, Maotai ’s performance growth will be highly certain, with the premise of stable pricing, the certainty of price increase will be improved, and its performance will be more flexible. Optimistic about the company's strong brand power and scarcity, it shows more stability against cyclical fluctuations and enjoys a valuation premium.
Guotai Junan believes that Maotai has long-term performance elasticity in terms of volume, price, product structure, and channel structure, and sustained growth corresponds to a high safety margin for current valuation. Zhongtai Securities expects that in the next five years, Maotai is still in the seller's market, the company has the ability to continue to raise prices, and the company's revenue is expected to grow at a compound rate of more than 15%, which is still a scarce core asset.
From an industry perspective, Chuancai Securities stated that this round of epidemic has tested the comprehensive capabilities of various wine companies. The accelerated elimination of backward production capacity will increase industry concentration, while high-end wine will benefit from its correct and firm response measures, and growth is determined. Sexuality is higher, and short-term disturbances do not change long-term trends. Recently, with the gradual recovery of consumption, the demand for liquor has begun to pick up, and the sector has ushered in valuation restoration. The share price of Maotai in Guizhou has reached a new high. The high-quality target may meet the configuration opportunity. Continue to be optimistic about the valuation restoration of liquor. Sub-industries with strong attributes and opportunities for high-quality wine companies after the callback. (Sino-Singapore Jingwei app)
(The opinions in this article are for reference only, and do not constitute investment advice. Investment is risky and you need to be cautious when entering the market.)