Stock surge lifts Moutai valuation

Chinese liquor-maker anticipates huge rise in 2018 revenue on higher sales

Kweichow Moutai Co Ltd, China's signature high-end spirit maker, is becoming "white gold" for investors after it became one of the most valuable stocks in the A-share market, with a market capitalization of 987 billion yuan ($151 billion) after its shares soared on Wednesday.

The company also topped LVMH Moet Hennessy Louis Vuitton SE in market capitalization as the most valuable stock on Bloomberg Intelligence's Global Luxury Goods Top Peers Index.