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Australian Investment Blog

ASX:TWE 16/08/2019

Asian growth fuels Treasury outlook

Treasury Wines (TWE) +2.17%: Result more or less in line with market expectations for FY19 with top line slightly off v consensus which flows through to a slight miss at the EPS level – although not significant. As is often the case with TWE, they talk a big game on the conference call and this time was no different – the company reiterated their expectation for EBITS growth of 15-20% in FY20. Treasury Wines (TWE) Chart Treasury Wine Estate Daily Chart

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