一位投资者表示：“看着贵州茅台股价上1050元，心碎一地，长线是金，被荒唐折腾了的那些时光与资本啊。”

集团直销方案落地

贵州茅台8月10日公告答复上交所监管工作涵的文件、《关于子公司向关联方销售产品的议案》及董事会表决通过的决议。

关注贵州茅台的市场人士普遍认为这是贵州茅台历史上很重要的一次公告。这意味着，经历了3个月“茅台集团成立营销公司存司马昭之心”的质疑被化解了。

集团营销公司的销售方案核心要点包括：1、集团匹配社会经销商的购货价格和定价原则；2、交易标的包括茅台酒以及系列酒；3、2019年度的交易金额不超过股份公司2018年末净资产金额的5%，亦即56亿元。

华泰证券研报测算，假设2019年营团营销公司采购的茅台吨价与2018年持平，56亿元交易金额对应茅台酒为2772吨，仅占公司年初计划茅台酒销售量3.1万吨的9%。

太平洋证券黄付生团队表示，定价原则市场已有预期，交易金额及其对应的茅台酒配额明显好于此前市场的悲观预期。方案总体上超预期，释放利好。交易金额未超过5%，董事会有直接表决通过的权限，消除了不确定性

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