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Why Kweichow Moutai?s Baijiu Operation Is Such A Good Business

Kweichow Moutai is definitely a star performer in China’s domestic equity market. However, some investors keep complaining about its high valuation. Moutai?s 30 times price earnings look expensive, but not really if one looks at the valuation from a business perspective. One big advantage of Moutai is that it does not need to diversify. Very?


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