Moutai Looks Like It Could Be China's First Ever 1,000-Yuan Stock
- Distiller has surged 44 percent this year, near record high
- Four analysts predict stock will reach price within 12 months
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China’s booming equity market is getting closer to featuring its first 1,000 yuan stock.
Four analysts tracked by Bloomberg predict liquor giant Kweichow Moutai Co. will get there within the next 12 months. The shares have rallied 44 percent this year, helped by a surge in sales that defied concern of a consumer slowdown. The stock rose as high as 854.79 yuan ($127) on Thursday.