Consumer Staples Sector – SWITCH Elders ELD:ASX to Treasury Wine Estates TWE:ASX
SWITCH Elders ELD:ASX to Treasury Wine Estates TWE:ASX
SWITCH Elders ELD:ASX to Treasury Wine Estates TWE:ASX
The C2 Gateway Series is a structured financial product designed to provide both tax optimization and leveraged market exposure, making it a strategic tool for wholesale, professional, and sophisticated investors aiming to enhance capital deployment while managing tax liabilities.
Treasury Wine Estates will lift prices of its top-tier Penfolds products as export demand rises and as Beijing lifts restrictions on wine from Australia.
The Chinese foreign ministry has begun drafting the removal of tarriffs on Australian wine, reopening Treasury Wines largest market for their flagship brand, Penfolds
TWE has done very well over the last month and reporting was as expected. We are trimming half the position to lock in profits and looking to get back in if the stock falls.
The recent positive speculation about the removal of trade tariffs from China this quarter was squashed by a massive cap raise of $825m at 10.80 per share to fund the acquisition of high-end Californian wine group Daou Vineyards in a deal worth up to $US1 billion ($1.6 billion) as it steps up expansion in the United States luxury wine market.