袁仁国茅台的成长性困局（Yuan Renguo Moutais growth dilemma）.docVIP

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袁仁国茅台的成长性困局（Yuan Renguo Moutais growth dilemma）.doc

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袁仁国茅台的成长性困局（Yuan Renguo Moutais growth dilemma）

袁仁国茅台的成长性困局（Yuan Renguo Moutais growth dilemma） China private equity fund Godfather $2 million 110 thousand for Zhao Danyang Buffett and Warren had lunch in this Dayton create a great sensation, price lunch, Zhao Danyang gave Buffett two gifts: Kweichow Moutai and Donge county. Market investors also capture the investment vision of the private predators from the gifts that represent Chinese culture. The great bull market in 2007, Kweichow Moutai following the Chinese ship after becoming only the second stock price exceeded 200 yuan shares, although with the trend after the fall, but Kweichow Moutai in a long period of time, holding the two city, the first high priced stocks King title. Investors once said: at any price, buy Guizhou Moutais stock is correct.. The reason is that Guizhou Moutai grasp the high-end scarce resources can not be copied, and its production capacity is far less than the market demand. In fact, as the national Moutai, scarcity of its products has surpassed the properties of common consumer goods. However, scarcity is also a double-edged sword, although it has guaranteed Guizhou Moutais high earnings per share, but it has also constrained the growth of investors attention. 2010, a quarterly show, Guizhou Moutai earnings per share of up to 1.34 yuan, while the growth rate of net profit was only 4%, far below the Wuliangye 20.78%, ranked in the downstream level of the whole liquor listed companies. Because growth is lower than market expectations, Guizhou Moutai shares fell, and in early May fell to 125.5 yuan, and even the liquor listed companys first high priced shares of the crown has also been replaced by the upstart the Yanghe River shares. If Moutai is compared to Liu Xiang, will Liu Xiang still have a 10% advantage over the age of 18 to 28? Ifs environment changes because of climate and geography, can Moutais output expand? What follows is the questioning of market investors. Even in May 7th, Moutai, Guizhous largest shareholder of Moutai