BUZZ-Citi sees growth for Australia's Treasury Wine Estates as China exports soar

Reuters
04-30
BUZZ-Citi sees growth for Australia's Treasury Wine Estates as China exports soar

** Analysts at Citi see upside for Australia's Treasury Wine Estates TWE.AX as the brokerage notes expanding distribution and strong consumer demand despite seasonal Chinese New Year effects

** Citi says TWE's China business appears on track based on March 2025 quarter export data

** Says March export volumes to China surged 34% above January/February combined despite typical Chinese New Year seasonal effects, indicating strong underlying growth

** Says near-term upside potential hinges on premium winemaker DAOU's enhanced synergies and FX benefits offsetting Treasury Americas' slowing sales.

** 12 of 15 analysts rate the stock "buy" or higher, and 3 rate it "hold"; their median PT is A$13.43 – LSEG data

** Stock down 21.4% this year, as of last close

(Reporting by Roushni Nair in Bengaluru)

((Roushni.nair@thomsonreuters.com;))

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