Minsheng Securities released a research report on April 27 stating that it gave Kweichow Moutai (600519.SH) a recommended rating. The main reasons for the rating include: 1) the product matrix effect is evident and the channel layout is dynamically balanced; 2) excellent operating cash flow performance, and the increase in tax expenses affects the net interest rate. (Mainichi Keizai Shimbun)
民生证券4月27日发布研报称，给予贵州茅台（600519.SH）推荐评级。评级理由主要包括：1）产品矩阵效应显现，渠道布局动态平衡；2）经营性现金流表现优秀，税金费用提升影响净利率。（每日经济新闻）
Minsheng Securities released a research report on April 27 stating that it gave Kweichow Moutai (600519.SH) a recommended rating. The main reasons for the rating include: 1) the product matrix effect is evident and the channel layout is dynamically balanc
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