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13.02.25 - 05:24
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Treasury Wine CEO on Strategy, China Demand & Trade (Bloomberg)
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Australia's Treasury Wine Estates, owner of Penfolds, posted a higher half-year profit but flagged some weakness in its premium brands. Treasury Wine Estates' Managing Director and CEO Tim Ford discusses the results and outlook from Melbourne on "Insight with Haslinda Amin". (Source: Bloomberg)...
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10.12.24 - 23:46
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Jefferies, Citi cite China macro factors to justify Treasury Wine′s ′buy′ rating (Reuters EN)
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BUZZ-Jefferies, Citi cite China macro factors to justify Treasury Wine's 'buy' rating ** Brokerages Jefferies and Citi cite Chinese economic factors to positively impact Australian winemaker Treasury Wine Estates TWE.AX ** Jefferies sees potential Chinese stimulus next year as positive to earnings, while looking for more signs of improved consumption ** Citi argues China recovery exceeding expectations, also cites better-than-expected outlook for TWE and improved performance of its DAOU brand....
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10.12.24 - 01:51
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Australia′s Treasury Wine Estates on 6-week high amid Chinese Winery purchase (Reuters EN)
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BUZZ-Australia's Treasury Wine Estates on 6-week high amid Chinese Winery purchase Adds Citi comments ** Shares of winemaker Treasury Wine Estates TWE.AX rise as much as 4.1% to A$11.960, hitting their highest level since Oct. 23 ** Co is set to acquire 75% of Ningxia Stone & Moon Winery Co ("Stone and Moon"), situated in north-western China for about A$27.5 million ($17.70 million) ** Terms include an option for co to acquire the remaining 25% after five years....
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