After the American fund-Europe Asia-Pacific Growth, which holds the most Maotai in the world, reduced its holdings of Maotai in the fourth quarter of 2020, another heavyweight fund recently reduced its holdings of Maotai, namely UBS Equity Fund, a subsidiary of UBS. Compared with the end of 2020, Kweichow Moutai held by the Fund decreased by 3.66%.
Since the outbreak of COVID-19 in 2020, the United States has increased by several trillion dollars, 202 1.9 trillion dollars. The global currency has been released greatly, and a large amount of funds cannot be exported, so we can only invest in stocks. For the first time in history, the total market value of the US stock market has reached twice the GDP of the United States.
In addition to the growing financial bubble in the United States, the price of gold has risen sharply, the value of bitcoin has hit record highs, commodity prices have been speculated, and oil prices have also been speculated. As long as the assets that can be speculated are speculated, a large amount of excess global funds will be put in.
After the China stock market and Maotai have been hyped, it is still possible to reduce their holdings and exchange shares. After all, there are still a lot of stocks in China that have not been hyped up, so it is enough to change the hot spots in the market in turn. However, all the stocks that can be speculated in the US stock market have been speculated, and even Bitcoin has reached a new height. There are not many assets in the United States that can be converted and then speculated. It seems that we can only exchange positions and shares in the Chinese stock market. It seems that the hot spot style of China stock market will change again.
Extended data
China investment market is still optimistic about Maotai's investment expectation;
It is reported that the investment expectation of China investment market for Kweichow Moutai is still optimistic, and many brokerage institutions have raised their target prices. CITIC Securities raised the target price of Kweichow Moutai to 3,000 yuan in one fell swoop on the eve of the Spring Festival, and still maintained the "buy" rating.
From this point of view, although the market's expectations of Kweichow Moutai began to diverge, optimistic and lower, it does not seem to prevent investors in China market from having a soft spot for Maotai.
Some netizens joked that "fund sedan chair, foreign capital reduces profits." At this time, Kweichow Moutai's current valuation score reached 100, while Shanghai Stock Exchange's current valuation was 15.9, Shenzhen Stock Exchange's current valuation was 35.75, and GEM's valuation was 72.25, far lower than the current valuation score of 97 in the brewing sector. However, Moutai's share price still seems to have no signs of stopping. Last month, it hit the highest monthly increase of 22.95438+0%.