But as a new generation of Chinese drinkers discovers the imported spirits that were unavailable to their parents, baijiu risks losing that market share unless it creates new markets overseas.
"Baijiu hasn't been marketed to the West yet but I think it can be," said James Rice, managing director of Sichuan Swellfun Co Ltd, a baijiu maker in Chengdu, western China, in which London-based beverage multinational Diageo has taken a sizeable stake.
"People are interested in China and here's a piece of Chinese culture that can go right to your dinner table."
Bestworld wrote: Wondering why analysts didn't take the 40% increase in capacity into consideration.......
Capex + Price increase will continue to drive revenue and profit for Dukang. It has laid the ground work too to penetrate overseas market to make it a global brand for the chinese. I believe with much innovative products it have launched, it is gaining traction among the funds. let's see if it can clear $1 over next few months like what SinoGradness has done!
Some analysts call sell based on TA, some says it is fairly valued when it was 40c.....all of then choose to ignore the solid performance and the 40% increase in capacity as soon as next month....why is that so?
