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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 - 01/25
9.31 AUD   -0.11%
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 : Australian stocks drop on China tensions; post record monthly jump on vaccine rally

11/30/2020 | 01:09am EST

* Treasury Wine sinks on plans to divert China wine over tariffs

* Australia demands apology from China after fake image posted on Twitter

* NZ shares post second monthly jump in a row

Nov 30 (Reuters) - Australian shares extended losses for a third straight session on Monday, as deepening tensions with its largest trading partner China following a move by Beijing to impose anti-dumping tariffs on Australian wine imports rattled investors.

The country responded defiantly on Friday to China imposing temporary anti-dumping measures, saying the "seriously concerning development" looks to be about diplomatic grievances and not any action by winemakers.

The S&P/ASX 200 index settled 1.3% lower at 6,517.8, erasing as much as 0.6% gains earlier in the session. This was the benchmark's worst fall since Nov. 4.

But it posted its biggest-ever monthly gain in November, buoyed by optimism around a swift economic recovery after the U.S. election outcome and COVID-19 vacine-related developments.

Import tariffs introduced by China were weighing on broader markets as investors reflect on heightened tensions between Australia and China, said James Tao, market analyst at CommSec.

"It's a bit testy at the moment. There have already been threats that there could be more tariffs, duties on Australian imports on other sectors as well ... If things get worse, you could see worsening political relations between the two (countries) which could spell negative for trade."

Tensions flared up further after Prime Minister Scott Morrison demanded an apology from Beijing about a Tweet containing a fake image of an Australian soldier holding the knife to the throat of an Afghan child.

Excluding tech stocks, all sectors ended in the red, with China-reliant miners and gold stocks leading declines.

Shares of Treasury Wines slumped up to 11.8% after it revealed plans to divert hundreds of thousands of cases of China-bound wine to other countries to avoid hefty tariffs.

Utilities and healthcare stocks helped New Zealand's benchmark S&P/NZX 50 index end 1% higher, its highest close in nearly two weeks. The bourse posted a second consecutive monthly gain. (Reporting by A K Pranav in Bengaluru; Editing by Rashmi Aich)


© Reuters 2020
Stocks mentioned in the article
ChangeLast1st jan.
S&P/ASX 200 0.36% 6824.7 Real-time Quote.3.61%
TREASURY WINE ESTATES LIMITED -0.11% 9.31 End-of-day quote.-0.96%
All news about TREASURY WINE ESTATES LIMITED
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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Financials
Sales 2021 2 511 M 1 933 M 1 933 M
Net income 2021 249 M 192 M 192 M
Net Debt 2021 1 532 M 1 179 M 1 179 M
P/E ratio 2021 26,7x
Yield 2021 2,55%
Capitalization 6 716 M 5 169 M 5 168 M
EV / Sales 2021 3,28x
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 9,31 AUD
Spread / Highest target 58,1%
Spread / Average Target 11,0%
Spread / Lowest Target -14,1%
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-0.96%5 169
VIÑA CONCHA Y TORO S.A.-1.60%1 238
DELEGAT GROUP LIMITED-2.96%1 072
C&C GROUP PLC1.76%978
LAURENT-PERRIER1.33%546
ITALIAN WINE BRANDS S.P.A.12.98%210