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

ReutersApr 29, 2025 8:53 PM

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

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