Topic
TOPIC
Baijiu is a liquor (the word means white liquor) distilled in China that is sought after for official banquets and for gifts. Kweichow Moutai is probably the best known baijiu. Sales of the potent white spirit have risen in recent years, powered by a boom in the luxury market in China.
- The bottle is both exceptionally rare and has been kept in remarkable condition over the past decades
- The auction features dozens of lots of Mao-tai that are expected to fetch over US$10,000 per lot
China’s national drink surged in popularity during the pandemic and brands both big and small – from Kweichow Mao-tai to Ming River – are riding the spirit’s rising tide at home and aboard
China’s national drink surged in popularity during the pandemic and brands both big and small – from Kweichow Mao-tai to Ming River – are riding the spirit’s rising tide at home and aboard
Yuan Renguo accepted over US$17 million in bribes and was given a ‘light’ sentence for confessing and volunteering information, court says.
Yuan Renguo accepted over US$17 million in bribes and was given a ‘light’ sentence for confessing and volunteering information, court says.
Ping An Insurance joined the list of top 10 most admired companies for the first time in a ranking based on public perception. Dutch semiconductor equipment maker ASML knocked Apple off its perch.
Ping An Insurance joined the list of top 10 most admired companies for the first time in a ranking based on public perception. Dutch semiconductor equipment maker ASML knocked Apple off its perch.
Kweichow Moutai, the stock with the biggest weighting on the Shanghai Composite Index, tumbled 4.4 per cent to 1,552.24 yuan on Friday, while rival Wuliangye Yibin, the most valuable stock on a gauge tracking the sector on the Shenzhen exchange, sank 7.3 per cent to 206.38 yuan.
Kweichow Moutai, the stock with the biggest weighting on the Shanghai Composite Index, tumbled 4.4 per cent to 1,552.24 yuan on Friday, while rival Wuliangye Yibin, the most valuable stock on a gauge tracking the sector on the Shenzhen exchange, sank 7.3 per cent to 206.38 yuan.
China’s fintech clampdown is souring market sentiment while the mutual fund industry loses all its gains amid the biggest sell-off in months. An ongoing rotation out of crowded bets into safer value stocks is expected to persist, some managers say.
China’s fintech clampdown is souring market sentiment while the mutual fund industry loses all its gains amid the biggest sell-off in months. An ongoing rotation out of crowded bets into safer value stocks is expected to persist, some managers say.
Recommendation of chief engineer for China’s best known liquor brand revives debate about how scientific excellence is rewarded.
Recommendation of chief engineer for China’s best known liquor brand revives debate about how scientific excellence is rewarded.
The liquor distiller surpassed lender ICBC by market value in 2020 and should become more than valuable than Shenzhen’s economy in 2021, based on some of the bullish targets among analysts covering the stock.
The liquor distiller surpassed lender ICBC by market value in 2020 and should become more than valuable than Shenzhen’s economy in 2021, based on some of the bullish targets among analysts covering the stock.
Investment bank CICC has set a share-price estimate of 2,739 yuan for Kweichow Moutai, implying a gain of over 30 per cent from its current stock price.
Investment bank CICC has set a share-price estimate of 2,739 yuan for Kweichow Moutai, implying a gain of over 30 per cent from its current stock price.
The maker of fiery baijiu, Mao Zedong’s favourite tipple, ended 2020 with a 10 per cent gain in sales while earnings trailed consensus. The stock jumped 69 per cent to an all-time high, making it the world’s most valuable distiller.
The maker of fiery baijiu, Mao Zedong’s favourite tipple, ended 2020 with a 10 per cent gain in sales while earnings trailed consensus. The stock jumped 69 per cent to an all-time high, making it the world’s most valuable distiller.
The government should grow Hong Kong as a hub for Chinese artefacts such as vintage stamps and Kweichow Moutai spirits, CEO of art and collectibles platform Oriental Culture says.
The government should grow Hong Kong as a hub for Chinese artefacts such as vintage stamps and Kweichow Moutai spirits, CEO of art and collectibles platform Oriental Culture says.
The market-beating run of China’s biggest liquor distillers are keeping many investors in jubilant mood in a catastrophic year of pandemic. Others are preparing to greet the new year with caution.
The market-beating run of China’s biggest liquor distillers are keeping many investors in jubilant mood in a catastrophic year of pandemic. Others are preparing to greet the new year with caution.
Disappointing earnings from liquor distiller Kweichow Moutai pushed mainland stocks to a two-week low, while Hong Kong’s financial markets are closed for a public holiday. Hikvision leads security-related stocks higher.
Disappointing earnings from liquor distiller Kweichow Moutai pushed mainland stocks to a two-week low, while Hong Kong’s financial markets are closed for a public holiday. Hikvision leads security-related stocks higher.
Nicknamed ‘fire water’ and served at up to 60 per cent ABV, the Middle Kingdom’s favoured liquor has been causing headaches for centuries – but how and where was this clear sorghum-based spirit born?
Nicknamed ‘fire water’ and served at up to 60 per cent ABV, the Middle Kingdom’s favoured liquor has been causing headaches for centuries – but how and where was this clear sorghum-based spirit born?
Kweichow Moutai is the only Chinese company to rank among the top 10 in the FutureBrand Index, with the top spot going to Apple.
Kweichow Moutai is the only Chinese company to rank among the top 10 in the FutureBrand Index, with the top spot going to Apple.
China ordered the US to close its consulate in Chengdu in retaliation against a similar move against its own consulate in Houston earlier this week. Rising US-China tensions triggered a sell-off in mainland and Hong Kong markets.
China ordered the US to close its consulate in Chengdu in retaliation against a similar move against its own consulate in Houston earlier this week. Rising US-China tensions triggered a sell-off in mainland and Hong Kong markets.
US research firm Morningstar says Kweichow Moutai shares are fairly valued at 940 yuan. On Friday, the Chinese liquor maker closed at 1,425 yuan – more than 50 per cent higher than that estimation.
US research firm Morningstar says Kweichow Moutai shares are fairly valued at 940 yuan. On Friday, the Chinese liquor maker closed at 1,425 yuan – more than 50 per cent higher than that estimation.
Kweichow Moutai gained after reporting its net profit rose 16.7 per cent in first quarter despite the lockdown in China. HSBC rises despite reporting a 48 per cent drop in pre-tax profit in the first quarter.
Kweichow Moutai gained after reporting its net profit rose 16.7 per cent in first quarter despite the lockdown in China. HSBC rises despite reporting a 48 per cent drop in pre-tax profit in the first quarter.
US treasury secretary says world's largest economy could re-open by late August. Ali Health continues to rally, but Ping An Good Doctor has slipped in afternoon trading.
US treasury secretary says world's largest economy could re-open by late August. Ali Health continues to rally, but Ping An Good Doctor has slipped in afternoon trading.
“What’s needed to push this market higher is a cure or a therapeutic regime,” said Stephen Innes, chief global markets strategist at AxiCorp, a currency trading platform.
“What’s needed to push this market higher is a cure or a therapeutic regime,” said Stephen Innes, chief global markets strategist at AxiCorp, a currency trading platform.
China’s manufacturing sector continued to be hammered by the coronavirus in March, new data from the National Bureau of Statistics shows, while consumer inflation eased.
China’s manufacturing sector continued to be hammered by the coronavirus in March, new data from the National Bureau of Statistics shows, while consumer inflation eased.
China airlines continued to slide in the mainland, amid turbulence caused by the coronavirus. China Southern has fallen nearly 27 per cent since January 14, when the danger of the virus became clear, while China Eastern Airlines has dropped 25 per cent since then.
China airlines continued to slide in the mainland, amid turbulence caused by the coronavirus. China Southern has fallen nearly 27 per cent since January 14, when the danger of the virus became clear, while China Eastern Airlines has dropped 25 per cent since then.
Traders took comfort in signs that the coronavirus outbreak appears to be easing in Asia leading them to believe that the dampening effect on the financial markets and economies would only be temporary.
Traders took comfort in signs that the coronavirus outbreak appears to be easing in Asia leading them to believe that the dampening effect on the financial markets and economies would only be temporary.
Jefferies reiterates 'buy' rating on Alibaba, boosts target price to HK$289.
Jefferies reiterates 'buy' rating on Alibaba, boosts target price to HK$289.
Big gains seen for Alibaba, Sunny Optical and Mengniu Dairy. Macau gaming stocks plunge on report casinos will close for half a month to contain virus.
Big gains seen for Alibaba, Sunny Optical and Mengniu Dairy. Macau gaming stocks plunge on report casinos will close for half a month to contain virus.
Tencent, Alibaba, Xiaomi gain in Hong Kong, as traders look for bargains among virus-battered shares.
Tencent, Alibaba, Xiaomi gain in Hong Kong, as traders look for bargains among virus-battered shares.
Daiwa Capital Markets downgrades Kweichow Moutai to hold from outperform, citing "a lack of near-term share price catalysts." Gold stocks jump on worries about US-Iran tensions.
Daiwa Capital Markets downgrades Kweichow Moutai to hold from outperform, citing "a lack of near-term share price catalysts." Gold stocks jump on worries about US-Iran tensions.
“Market players are generally upbeat on this year’s outlook,” said Zhou Ling, a hedge fund manager with Shanghai Shiva Investment. “The central bank’s reduction in deposit reserve ratio cemented their belief in a bull run.”
“Market players are generally upbeat on this year’s outlook,” said Zhou Ling, a hedge fund manager with Shanghai Shiva Investment. “The central bank’s reduction in deposit reserve ratio cemented their belief in a bull run.”
Stocks posted monthly gains in Hong Kong in four out of the five past Januaries.
Stocks posted monthly gains in Hong Kong in four out of the five past Januaries.
Shanghai Composite Index posts a more than 22 per cent gain for the year. It weathered economic slowdown and the US-China trade war. Hong Kong stocks faced those as well, plus nearly seven months of protests.
Shanghai Composite Index posts a more than 22 per cent gain for the year. It weathered economic slowdown and the US-China trade war. Hong Kong stocks faced those as well, plus nearly seven months of protests.