Yesterday, Kweichow Moutai once fell by nearly 4%. By the close of the morning, the stock price was 202 1.78 yuan/share, and the latest market value was 2.54 trillion yuan. The half-day market value increased by nearly 100 billion yuan. The growth rate of net profit in the first quarter hit a new low of nearly 7 years. We must know that Maotai has maintained double-digit growth every year in recent years. This quarterly report was less than expected, so the short-term bad news caused Maotai to plummet. On the other hand, other liquors basically exceeded market expectations, so they rose sharply, and the whole liquor sector almost rose. Only Maotai outshines others, which is quite dramatic.
In addition, Zhang Kun, who is in charge of E Fund's Blue Chip Select Hybrid Securities Investment Fund this year, holds 4.32 million shares of Maotai, accounting for 0.34%, becoming the ninth largest shareholder. Cool fish also invested in this fund, which is very powerful in general.
Cool fish believes that short-term performance fluctuations do not change the annual trend. The profit growth rate is slower than the income growth rate. This time, I think it is caused by the inventory of some manufacturers. Maotai non-standard liquor took the lead in raising the price to consolidate the growth target of 202 1, and the price increase basis of Pufei was gradually consolidated. It is expected that the future price increase of Pfeiffer will bring greater growth potential.
Maotai, as the core asset value, has the strongest support and elasticity. It is bought when it falls sharply, so as to bargain-hunting in the short term. In fact, many people think that liquor has foam, beer has foam, and liquor does not. As long as you have confidence in liquor, you will increase your position and increase your low chips when it plummets. I believe that when the market rises, they will be able to enjoy the value and welfare of core assets.