Core Viewpoint - The article highlights the continued confidence of investor Duan Yongping in Kweichow Moutai, as he publicly announced his purchase of the stock again, indicating a strong belief in the company's long-term potential [3][6]. Group 1: Investment Actions and Market Performance - Duan Yongping publicly stated on October 13 that he bought more Kweichow Moutai shares, following a similar endorsement in late June [3]. - After Duan's encouragement in June, Kweichow Moutai's stock price rose from ¥1403.9 to a peak of ¥1538.02, marking a 9.6% increase over three months [3]. - As of the latest report, Kweichow Moutai's stock price was down 0.76% to ¥1419.2 per share [4]. Group 2: Long-term Investment Strategy - Duan Yongping has held Kweichow Moutai shares since 2012, experiencing over a 20-fold increase in stock price during this period, and has never sold any shares, even during industry downturns [6]. - His investment philosophy is based on the belief that Kweichow Moutai possesses unique advantages such as brand monopoly, pricing power, and inflation resistance, making it irreplaceable compared to other assets [10]. Group 3: Comparisons with Other Investments - In a response to an investor's query about alternatives to Kweichow Moutai, Duan suggested that while Shenhua may not be as strong as Moutai, it is likely a better investment than keeping money in a bank [8]. - He also emphasized that investing in Tencent would likely yield better returns than bank savings, reinforcing his view on the value of equity investments [8].

Core Viewpoint - Renowned investor Duan Yongping publicly expressed his continued confidence in Kweichow Moutai by purchasing shares, indicating a sustained bullish outlook on the leading liquor brand [1][4]. Group 1: Investment Activity - Duan Yongping bought shares of Kweichow Moutai on the 13th, marking his second public endorsement of the stock since June [1]. - Following a previous statement in late June, where he encouraged investors during a price dip, Moutai's stock rose by 9.6% over the next three months [1][5]. Group 2: Long-term Investment Strategy - Duan has held Kweichow Moutai shares since 2012, experiencing over a 20-fold increase in stock price, and has never reduced his holdings, even during industry downturns [4][5]. - His investment rationale is based on Moutai's unique advantages of brand monopoly, pricing power, and inflation resistance, which he believes are irreplaceable [7]. Group 3: Market Performance - As of the latest report, Kweichow Moutai's stock price was 1419.2 CNY, down 0.76% from the previous close [1][2]. - The stock has a 52-week high of 1626.12 CNY and a low of 1373 CNY, indicating significant volatility within the year [2].