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[Brokerage Focus] Morgan Stanley: Demand expectations in China's Dining channel are relatively low before the Spring Festival, with differentiated performance across various categories.
Jinwu Financial News | Morgan Stanley recently conducted research on Dealers in northern, eastern, and southern China to understand sales trends before the Spring Festival and goals for 2025. It was found that there are significant differences in market performance across categories, with generally low demand expectations. In terms of Baijiu(Chinese Liquor), the start has been rather weak. Some Dealers of Moutai reported a decline in demand before the Spring Festival of 2025, and non-Flying Moutai series products are facing pricing pressure. However, Flying Moutai remains relatively strong, with differing goals among Dealers in various regions for 2025. For example, a Dealer in the north expects the target for Flying Moutai to remain flat, with double-digit growth for series products. Wuliangye Yibin's target for 2025 is 1.
Individual Investors Who Own 34% Along With Institutions Invested in Super Hi International Holding Ltd. (HKG:9658) Saw Increase in Their Holdings Value Last Week
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