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Wuliangye responds to UBS's downgrade of liquor stocks: Currently, wholesale prices remain strong and the company's strategy is to control volume and maintain prices

2024-07-30

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Cailianshe reported on July 30 that liquor stocks have continued to be sluggish in recent days. As of press time,Kweichow MoutaiWuliangyeBoth fell more than 1%. On the news front, UBS Securities downgraded the ratings of several Chinese liquor stocks to neutral.

In this regard, the reporter contacted Wuliangye's investor relations department as an investor, and the relevant person said that he was familiar with the UBS Securities report. The person said that the stock price is driven by multiple factors, and in his personal understanding, it is impossible to attribute the stock price fluctuation of one or two days to a certain event. At present, the overall performance of the liquor sector is not very good. The most important factor is that the overall consumption is currently recovering weakly, which is a relatively large driving factor.

Regarding wholesale prices, the above-mentioned person said that Wuliangye’s performance in wholesale prices is relatively good at present. Some time ago, (the market was more concerned about) the wholesale prices of high-quality liquor in the entire industry, but Wuliangye’s wholesale prices are currently very strong. The company’s current business strategy is to control quantity and maintain prices.

At the same time, the source said that according to the market, the overall wholesale price is between 940 yuan and 950 yuan. (21 Finance)