Sino-Singapore Jingwei Client, February 10th, on the 10th, Kweichow Moutai opened directly higher, and its share price reached a new high, standing above the 2500 yuan mark, which was once up 4%.

As of press time, Kweichow Moutai's stock price dropped to around 2529 yuan in intraday trading, which is now up 3%, with a total market value of 3,178.2 billion yuan.

It is worth mentioning that the topic of #贵州茂台股份有限公司 brokethrough 2500 yuan# ranked 11th in the hot search on Weibo.

  The closing price of Kweichow Moutai yesterday (9th) was 2456.43 yuan/share, and after opening higher at 2485 yuan/share on the 10th, the stock price rose to a record high of 2589.99 yuan/share half an hour later. According to a rough calculation by the Sino-Singapore Jingwei client, Its market value also rose by nearly 160 billion yuan in half an hour, and some netizens even sighed:

"Moutai rose by a market value of Baosteel in half an hour!"

(Note: Baosteel's market value is about 154 billion yuan)

  Kweichow Moutai stock price Wind screenshot

  A shares opened higher on the 10th, and the Shanghai stock index rose 0.25%. The stock price reached 3637.12 points and set a new high. The stocks rose generally and the market was more enthusiastic about doing more.

As Kweichow Moutai rose sharply, individual stocks in the liquor sector followed suit. As of press time, Shanxi Fenjiu rose more than 8%, Shuijingfang rose more than 4%, Yanghe shares, Luzhou Laojiao, Jiuguijiu, and Wuliangye rose more than 2%.

  On February 9, the total market value of Kweichow Moutai stood above the 3 trillion yuan mark for the first time.

A major event also occurred in the evening of the same day-Kweichow Moutai issued an announcement on the resolutions of the first meeting of the third board of directors in 2021. One of the "Proposal on Termination of Related Donations" decided to terminate Kweichow Moutai and its subsidiaries. The four donations have a total amount of 820 million yuan.

  Specifically, the four donations include: donating 2 million yuan to the Guizhou Provincial People's Government for the Foundation; donating 12 million yuan to the Renhuai Municipal People's Government to build a professional alcohol fire disposal team; donating 2.6 yuan to the Renhuai Municipal People's Government 100 million yuan to build a 10,000-ton domestic sewage treatment plant in Qilong, Maotai Town; donate no more than 546 million yuan to the Xishui County People’s Government to build the Xixin Avenue construction project in Xishui County.

Kweichow Moutai also stated that up to now, the company has not paid the donations mentioned above.

  Because the above-mentioned donation of 820 million yuan has caused great dissatisfaction in the market, Kweichow Moutai’s announcement of the termination of the donation was also regarded by some investors as a "victory for small and medium investors."

  On November 27, 2020, the Shanghai Securities News published a report "Small and medium shareholders questioned Kweichow Moutai: Do I agree to donate more than 800 million yuan?", questioning the above-mentioned Kweichow Moutai donation, which attracted public attention.

  The article mentioned that at present, further improving the quality of listed companies has become the primary task of capital market supervision.

As one of the core contents of improving the quality of listed companies, improving the governance system of listed companies and strengthening the protection of the interests of investors, especially small and medium shareholders, are the most important means to build a vibrant and resilient capital market.

  The latest research report issued by CITIC Securities raised the target price of Kweichow Moutai to 3,000 yuan. The research report said that the 2021 Spring Festival sales will continue to build a stronger consensus, and the investment in the liquor sector remains optimistic. Moutai has both offensive and defensive capabilities, and more catalysts are expected to lead the industry to rise.

  How high do you think Kweichow Moutai’s stock price will rise in the future?

(Zhongxin Jingwei APP)