This Top China Investor Only Has Eyes for One Mainland Stock
- Moutai shares have already soared more than 50 percent in 2019
- Liquor maker to benefit from consumption upgrade trend: Wan
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Out of more than 3,500 stocks listed in mainland China, this fund manager is only interested in one: Kweichow Moutai Co.
Michael Wan, chief investment officer at China Universal Asset Management (Hong Kong), says investors can’t ignore the well-known maker of baijiu liquor, which has already rallied 61 percent this year -- and over 14,000 percent since its 2001 debut in Shanghai. That’s made it China’s biggest distiller, and one of the most expensive.