Kweichow Moutai, maker of Mao’s favourite liquor, ends 2020 with mixed report card as stock hits all-time high

//Kweichow Moutai, maker of Mao’s favourite liquor, ends 2020 with mixed report card as stock hits all-time high

Kweichow Moutai, maker of Mao’s favourite liquor, ends 2020 with mixed report card as stock hits all-time high

Kweichow Moutai said its revenue rose about 10 per cent for 2020, the slowest growth in five years, as the world’s most valuable distiller of Mao Zedong’s favourite tipple, stays cautious in raising prices of its prized liquor to avoid attention from China’s regulators.The sales numbers, based on preliminary calculations reported late Thursday, are in line with the company’s initial guidance set at the beginning of the year and just below the consensus forecast of 10.6 per cent in a Bloomberg…

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By | 2021-01-01T04:30:16+00:00 January 1st, 2021|Business|Comments Off on Kweichow Moutai, maker of Mao’s favourite liquor, ends 2020 with mixed report card as stock hits all-time high