How to grow the hundred-yuan evergreen tree in Maotai, Guizhou

In the A-share market, hundred shares with its proud body, has always been the envy of investors. However, the high places are often cold, in recent years the market turmoil, more than hundreds of yuan shares for various reasons have fallen, leaving investors is just like a meteor hastily across the sky of good memories.　　However, in the hundred stocks, there is not no evergreen trees exist, Guizhou Maotai is one example. Hundred stocks Evergreen 07 beginning from the closing price of the first stand on the 100 Yuan mark, Guizhou Maotai in nearly three years in the A-share market, continuous interpretation of the evergreen legend Hundred shares.　　From March 9, 2007 to the present, in the 91% trading day, the stock's closing price is firmly closed on hundred yuan. Yesterday the shares to 148.92 Yuan, in the new face of the "Hundred Club", it seems quite a bit maverick.　　and Guizhou Maotai compared to the past, the other hundred shares will be much inferior, because whether it is a Chinese ship or a wide ship international, are due to various reasons in the concussion of successive "fall", leaving investors or only good memories. Why Maotai can become "evergreen tree"?　　Market participants said that, in addition to their own excellent performance factors, Guizhou Maotai since 2006 has always been implemented only dividends not sent to the distribution policy, which makes Guizhou Maotai high stock price can be continued.　　Institutional investors as the mainstay of Guizhou Moutai can stand, thanks in large part to the role of institutional investors deeply involved in the unit. Statistics show that from the first quarter of 2007 to 2008 years, the fund, insurance companies, social security funds, brokerage collection of financial management, social security funds and QFII five major institutional investors held a large amount of Guizhou Maotai shares, the share of the shares of the share of the shares of the basic proportion of the stock is maintained at 50%. Deeply involved institutional investors have acted as the mainstay of the unit.　　In this pattern, the 2007 Guizhou Moutai rose for four consecutive quarters, respectively, the rise of 7.59%, 26.65%, 26.5% and 52.85%, which led to the stock's closing price from the beginning of 07 87.83 yuan all the way up to the end of 07 230 yuan.　　Rainy days, in 2008 a-share market in the Big Bear markets, Guizhou Maotai continued to be hit, the stock price for four consecutive quarters of the correction, the year's decline as high as 52.74%, and in October 17, 08 to November 26, 08 fell below the Hundred Yuan mark, briefly faded out of the Hundred Yuan camp. However, from the 08 quarterly institutional Holdings, institutional investors at the end of each quarter of the total number of shares in the stock of 200 million to 240 million shares, the proportion of the share of the shares stable between 47% to 53%. Thus, in spite of the sharp correction of the stock price of Maotai in 08, the relative stability of the shareholding of the institution has played a significant role in stabilizing the stock price and returning to the Hundred Yuan camp quickly thereafter.