Why Kweichow Moutai Co., Ltd. Class A stock (600519) is in focus: iMoutai restock and a fresh target cut
Kweichow Moutai A-shares closed up 0.48% at 1,419.10 yuan Friday in Shanghai. iMoutai’s 2,299-yuan premium bottle sold out quickly after new online allocations. Qunyi Securities cut its target price to 1,525 yuan but kept a hold rating. The Shanghai Composite ended the week at 4,120.43, its highest since 2015.