Not good short term. Really shows the lack of demand in the short term but i think long term Moutai is still a great business. Its true that China is facing macroeconomic challenges and weak consumer sentiment but these things cyclical. 10 years from now Moutai will probably be fine. I mean if Moutai drops to 15x earnings thats a no brainer buy.
What are your opinions on the current issues with prices dropping of kweichow moutai product?
Not good short term. Really shows the lack of demand in the short term but i think long term Moutai is still a great business. Its true that China is facing macroeconomic challenges and weak consumer sentiment but these things cyclical. 10 years from now Moutai will probably be fine. I mean if Moutai drops to 15x earnings thats a no brainer buy.