Kweitol Maotai opened lower by more than 3% in early shock after the company and

Affected by the risks prompted by the Company and the media, the first high-priced Chinese A-shares - Kweichow Moutai (600519.SS) opened more than 3% lower in early trading on Friday, trading volume was significantly enlarged. Kweichow Moutai shares soared in recent months, although the performance of stock prices rose to support, but its high target price and valuation also led to the market part of the voice of doubt.

Kweichow Moutai opened at 696 yuan, down 23.11 yuan, down more than 3%, after the opening bell volume significantly enlarged.

Kweichow Moutai rose nearly 30% in recent months, Kweichow Moutai announced on Friday that the risk of share prices, the recent market some of the discussions and views, especially on its high target price and valuation do not represent the company's attitude and hope that the majority of investors And consumers rational view, prudent decision-making.

Xinhua, the official media, commented on Thursday that it should reasonably take a look at the price of Maotai. Maotai shares excellent return on investment, worthy of its reasonable valuation. However, this does not mean that the soaring stock price and rational investment behavior should not at any time be manifested as blind grab chips at any cost. Short-sighted speculation will cause tremendous damage to the value of investment, Maotai need long-term companionship, in order to give the best return.