高盛：贵州茅台回应投资者关于茅台渠道措施和批发价格趋势的关键问题; 重申评级和目标价

更多资 wholesale price, and d) With this cycle, we see the company has been squeezing out the speculative demand e.g scalpers, for longer term healthy growth. | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | --- | |-------|-----------------------------|-------|-------|-------|-------|-------|-------|-------|-------|-------|-------|-------|-------|---------------| | | | | | 1Q23 | | 2Q23 | | 3Q23 | | 4Q23 | 1Q24 | 2Q24 | | 2Q24 momentum | | | Wuliangye: Common Wuliangye | | ...