Kweichow Moutai Co cut prices of its premium liquor to make it more affordable, an approach emulated by Swatch Group AG, which introduced more economical models. Kweichow Moutai said in February it expected first-quarter net income to climb about 16% to 5.7 billion yuan (US$826.4 million). Kweichow Moutai slipped 0.2%. Kweichow Moutai and Wuliangye have gained more than 50% in that time, five times the pace of China’s CSI 300 Index. Still, analysts are bullish: Galaxy has 20 buys and just 1 sell rating, while Kweichow Moutai has 26 buys and zero sells.

Source: The Edge Markets April 10, 2017 03:33 UTC