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研報掘金丨華鑫證券:貴州茅台目標是2035年國際化,維持“買入”評級
格隆匯 11-28 14:11

華鑫證券研報指出,貴州茅台(600519.SH)中期分紅已實施,回購股份用於註銷。根據公吿,11月初公司已實施首次“中期分紅”,將向股東派發現金每股23.882元(含税)、累計派發現金300.01億元(含税)。此外,將回購約30億-60億元股份用於註銷。公司圍繞“供需適配”,從兩塊入手。其中自營體系包括自營公司、i 茅台和大客户,接下來發力“私域渠道”;在社會渠道包括經銷、商超、百貨、餐飲、煙草、電商等發力。關於國際化,正在建立六大體系,包括品宣體系、法規體系、產品體系、渠道體系、價格體系和政策體系,目標是2035年國際化。對於茅台酒和茅台王子酒,也計劃開發新產品用於出海,以適應海外市場需求。維持“買入”投資評級。

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