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MarketScreener Homepage  >  Equities  >  Australian Stock Exchange  >  Treasury Wine Estates Limited    TWE   AU000000TWE9

TREASURY WINE ESTATES LIMITED

(TWE)
  Report
End-of-day quote. End-of-day quote Australian Stock Exchange - 01/22
9.32 AUD   +0.22%
2020TREASURY WINE ESTATES : Appendix 3Y - Change of Director's Interest Notice
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2020TREASURY WINE ESTATES : TWE 2020 Fact Book
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2020TREASURY WINE ESTATES : ASX Appendix 3G
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Treasury Wine Estates : Australia shares eye record monthly gain on vaccine cheer, rebound hopes

11/29/2020 | 07:15pm EST

* Index set to add about 12% in November

* Financials poised to post record monthly gain of over 17%

* Australia's Q3 GDP +2.5% QOQ - Reuters poll

* NZ bourse set for second consecutive monthly gain

Nov 30 (Reuters) - Australian shares opened higher on Monday, and were on track to post their biggest monthly gain, as optimism surrounding COVID-19 vaccine candidates and hopes of an economic recovery in the coming year boosted risk appetite.

The S&P/ASX 200 index was up 0.5% at 6,632.90 by 2330 GMT. It was on track to add nearly 12% in November, its biggest monthly gain on record.

Optimism around multiple potential effective coronavirus treatments buoyed global stock markets this month, with hopes of a swift economic recovery in 2021 further bolstering the gains.

Investors will be eyeing third-quarter gross domestic product data due on Wednesday that is expected to show a rebound in the economy - a likely 2.5% growth in September quarter from a 7% contraction in the June quarter, according to a Reuters poll.

"With another solid gain likely in Q4 and the growth outlook looking positive for 2021, GDP could be back to its pre-pandemic level sometime in 2021," analysts at ANZ said in a note.

Heavyweight financials sub-index gained 0.5% on the back of blue-chip banking stocks, with the sector on track to post a record monthly gain of more than 17%.

Miners were set to post their best month since May, while energy companies were poised to add more than 30% in November, their record monthly gain.

Meanwhile, an 11.8% fall in Treasury Wine Estates weighed a little on the index after the winemaker said it would redirect some wine intended for China and cut costs after Beijing imposed anti-dumping tariffs on Australian wine.

In New Zealand, the benchmark S&P/NZX 50 index rose 0.5% to 12,703.12, on track to add more than 5% in November, likely its second consecutive monthly gain.

(Reporting by Sameer Manekar in Bengaluru, Editing by Sherry Jacob-Phillips)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
S&P/ASX 200 -0.34% 6800.4 Real-time Quote.3.24%
TREASURY WINE ESTATES LIMITED 0.22% 9.32 End-of-day quote.-0.85%
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Financials
Sales 2021 2 511 M 1 936 M 1 936 M
Net income 2021 249 M 192 M 192 M
Net Debt 2021 1 532 M 1 181 M 1 181 M
P/E ratio 2021 26,7x
Yield 2021 2,54%
Capitalization 6 723 M 5 188 M 5 183 M
EV / Sales 2021 3,29x
EV / Sales 2022 3,33x
Nbr of Employees 3 000
Free-Float 99,5%
Chart TREASURY WINE ESTATES LIMITED
Duration : Period :
Treasury Wine Estates Limited Technical Analysis Chart | TWE | AU000000TWE9 | MarketScreener
Technical analysis trends TREASURY WINE ESTATES LIMITED
Short TermMid-TermLong Term
TrendsNeutralNeutralBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 15
Average target price 10,33 AUD
Last Close Price 9,32 AUD
Spread / Highest target 57,9%
Spread / Average Target 10,8%
Spread / Lowest Target -14,2%
EPS Revisions
Managers and Directors
NameTitle
Tim Ford Chief Executive Officer, Director & MD
Paul Ashley Rayner Chairman
Matthew Young Chief Financial Officer
Warwick Lynton Every-Burns Independent Non-Executive Director
Garry Arthur Hounsell Independent Non-Executive Director
Sector and Competitors
1st jan.Capitalization (M$)
TREASURY WINE ESTATES LIMITED-0.85%5 188
VIÑA CONCHA Y TORO S.A.-1.35%1 249
DELEGAT GROUP LIMITED-1.32%1 088
C&C GROUP PLC2.86%990
LAURENT-PERRIER2.67%555
ITALIAN WINE BRANDS S.P.A.16.83%218