BUZZ-Treasury Wine Estates gains on Aussie export surge; Jefferies sees tailwinds

Reuters
04-29
BUZZ-Treasury Wine Estates gains on Aussie export surge; Jefferies sees tailwinds

** Treasury Wine Estates TWE.AX rises as much as 1.6% to A$8.980, highest since April 3

** Australian wine exports rose 41% to A$2.64 bln ($1.69 bln), highest since May 2021, in the year ended March 2025

** Jefferies ("buy"; PT: A$15) notes luxury wine exports remained strong in March quarter at typical pre-tariff levels despite seasonal drop

** Highlights 147% y/y increase in luxury wine exports to smaller Asian markets in March quarter

** Says TWE made substantial efforts to develop new markets outside of China

** Luxury portfolio accounted for more than 50% of co's H1 net sales revenue

** Stock last up 0.9%, trims YTD losses to 21.3%

($1 = A$1.5576)

(Reporting by Kumar Tanishk in Bengaluru)

((Tanishk.Kumar@thomsonreuters.com; X: @thatstanishk;))

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