Wuliangye Yibin's Premium Position Bodes Well for Long-Term Growth -- Market Talk_老虎社区_美港股上老虎

Wuliangye Yibin's Premium Position Bodes Well for Long-Term Growth -- Market Talk

Dow Jones2022-04-29

0657 GMT - Wuliangye Yibin is likely to benefit from its strong position in the premium-liquor segment, Citi analysts say in a note. The liquor company's first-tier wholesale average selling prices increased moderately to CNY970-CNY980 in April, indicating that the company is on the path for healthy long-term profit growth. Citi also thinks that Wuliangye Yibin's plans to organize its order planning system will give the company a solid foundation on which to reaccelerate growth in 2H toward its target of double-digit sales growth in 2022. The bank maintains a buy rating and target price of CNY330.75 on the stock, which is trading 2.6% lower at CNY161.57. (yiwei.wong@wsj.com)

$(END)$ Dow Jones Newswires

April 29, 2022 02:57 ET (06:57 GMT)

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