Heard that Moutai and Wuliangye have raised prices for their baijiu, suggesting that the market is recovering. Moutai share price is quite high already. Will Dukang have the same uplift?
Yes, the recovery has been confirmed by latest research from Frost and Sullivan. Beside higher consumption, price increase by key brands is probably also due to drop in overall inventory in China. Expect increased sales for next two quarters too due to more social drinking during mid autumn, national day and colder season ahead.
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