贵州茅台- 出厂价意外上调，建议立即调整飞天茅台零售价建议，买入评级

30 March 2026 | 11:31PM HKT Equity Research Kweichow Moutai (600519.SS) Unexpected ex-factory and suggested retail price hike of Feitian effective immediately; Buy 600519.SS 12m Price Target: Rmb1,592.00 Price: Rmb1,420.00 Upside: 12.1% | GS Forecast __________________________________ | | | | | | --- | --- | --- | --- | --- | | | 12/24 | 12/25E | 12/26E | 12/27E | | Revenue (Rmb mn) New | 174,144.1 171,827.1 | | 173,219.5 | 185,398.9 | | Revenue (Rmb mn) Old | 174,144.1 171,827.1 | | 170,063.6 | 181,956.9 | ...