白酒股大爆发！飞天茅台价格全线上涨，茅台股价大涨8.61%，此前知名投资人段永平称“真的不贵”

Core Viewpoint - The price of Moutai liquor has surpassed 1600 yuan, indicating a rising trend despite recent stock price fluctuations for Kweichow Moutai, which reached a new low since October 2024. Notable investor Duan Yongping believes the current stock price is not expensive in the long term, while public fund allocations in the liquor sector remain low, below 4% [2][3][7]. Group 1: Price Trends and Market Dynamics - As of January 29, the wholesale price of 25-year Feitian Moutai reached 1610 yuan per bottle, up 20 yuan from the previous day, while the retail price was 1620 yuan, also an increase of 20 yuan [2]. - Some Moutai direct sales stores are experiencing inventory shortages, with only successful purchases through the iMoutai app guaranteeing availability [2]. - Public fund positions in the liquor sector have decreased significantly, from a peak of 16% in 2020 to 3.93%, indicating a historical low [7]. Group 2: Investor Sentiment and Company Strategy - Duan Yongping expressed optimism about the iMoutai app, stating it addresses issues of counterfeit products and high prices, potentially unlocking significant purchasing power [3]. - He cautioned against speculative investments in Moutai, suggesting that while the stock may not rebound quickly, it is undervalued over a ten-year horizon [3]. - Recent price adjustments by Moutai have led analysts to lower profit expectations for 2026, projecting a net profit growth rate of 0% to 3% for the company this year [8]. Group 3: Fund Manager Perspectives - Fund managers exhibit differing views on the liquor sector, with some advocating for increased exposure due to the industry's strong brand barriers and potential for marginal improvement in fundamentals [7]. - Others, however, have opted for a reduction in holdings, citing concerns over rapid price declines and unclear earnings expectations for leading companies [7]. - Kweichow Moutai remains a significant holding in various funds, with its stock value constituting nearly 10% of some fund net values, indicating continued confidence among certain investors [5][6].