Lone bear downgrades Moutai to ‘sell’


Kweichow Moutai Co., which makes the fiery liquor long-favoUred by China

Hong Kong: It takes a strong stomach to be bearish on Chinese distiller Kweichow Moutai Co.

Its 60% rally this year has made it one of China’s best-performing large-caps, putting it on course to be the first mainland-listed stock to reach 1,000 yuan.

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