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What’s your target for TWE?

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Our Q&As are emailed in our Saturday Morning Report, find the answer to this question below.

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    What’s your target for TWE?

    Hi MM,

    great work, love your work thus far. Can you provide your view on TWE. Has the current price absorbed the hit from China wine tariffs? What's your target price? Noting they released the Penfolds range this week.

    Thanks

    Jacky L

    Answer

    Hi Jacky,

    Thanks for both joining MM and the positive feedback. We discussed TWE earlier in the week when considering the impact of Chinese regulation on the ASX, we believe the stocks undervalued and especially as its assets including the Grange are marked on the books at cost – wish I could buy their wines at cost! This is an Australian business which may find itself garnering the attention of suitors through 2021 /22.

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    Treasury Wines (TWE)
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