On September 27, Guizhou Moutai The trading limit was reached. As of press release, the stock price reported 1863.40 yuan, with 60871 transactions, a turnover of 11.04 billion yuan, a turnover rate of 1.05%, and the latest market value of 2340.8 billion yuan.
On the news side, on the evening of September 24, Guizhou Moutai announced that the Company's Board of Directors reviewed and passed the Proposal on Election of Chairman, and Ding Xiongjun was elected Chairman of the third Board of Directors of the Company. Gao Weidong is no longer the chairman and director of the third board of directors of the company.
According to the official Wechat of Guizhou Moutai, Ding Xiong met with the shareholders of Guizhou Moutai in his new identity for the first time. Ding Xiong shared his understanding and thinking of Moutai with everyone in the three words of "gratitude", "awe" and "struggle", and showed the outside world the "five line development path" of high-quality development of Moutai in the new era with five lines of blue, green, white, purple and red.
This means that less than a year and a half after Gao Weidong took the helm of Guizhou Moutai, Ding Xiongjun, the former secretary of the Party Leadership Group and director of Guizhou Energy Bureau, will become the new helmsman of Guizhou Moutai. It is worth noting that during the tenure of former chairman Gao Weidong, the stock price of Guizhou Moutai rose from 1000 yuan to 2600 yuan, with a maximum increase of more than 150%.
citic securities The research report pointed out that it is expected that the company will launch more than 8000 tons in the Mid Autumn Festival and National Day peak season (it is estimated that the launch volume in the same period of 2019/2020 will all be about 7500 tons), and require dealers to strictly implement 100% unpacking, 100% inventory clearing, and increase the retail proportion, so as to meet the demand in the peak season while steadily reducing the rating to a reasonable range. The rated price of ordinary Feitian Moutai has dropped. At present, the rated price of loose thatch/box of thatch is about 2810/3850 yuan respectively. At the same time, it is expected that Moutai 1935 will launch about 600 tons in 2021, and continue to increase the launch in 2022. The product prospect is worth looking forward to, and it is expected to be recognized by consumers with high-end prices.
The new Chairman of Moutai showed the market a clear development idea and defined the development goal of "building a world-class listed enterprise". The bank believed that it would strengthen the market's confidence in the company's development. Maotai's brand value and the certainty of long-term growth are expected to be further supported under the new climate and new potential energy of the shareholders' meeting. The bank is optimistic about the company's long-term investment value, changes in the market environment and the decline of the company's valuation provide layout opportunities, maintaining the EPS forecast of 41.92/46.56/51.87 yuan in 2021-23.
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Editor in charge: Feng Tiwei
