China Spirits Tracker_ Sentiment holds up post peak season; Full Oct shipment led to Feitian Moutai's wholesale price volatility
China Securities·2024-10-31 02:40
28 October 2024 | 8:42AM HKT _ China Spirits Tracker: Sentiment holds up post peak season; Full Oct shipment led to Feitian Moutai's wholesale price volatility The 111th China Food & Drinks Fair is being hosted in Shenzhen on Oct 29-31, and we are seeing spirits consumption largely hold up or slightly sequentially improve post policy stimulus, evidenced by retail terminals/distributors not seeing significant weaker demand post the recent peak season, unlike the same period in 2023. Nevertheless, in line wit ...