Looming Removal of China's Wine Tariffs 'Material Positive' for Treasury Wine -- Market Talk

Dow Jones03-13

2220 GMT - While China's interim determination on removing punitive wine tariffs is not final, Jefferies believes the final outcome in coming weeks is unlikely to be any different. Eliminating the tariffs would be a material positive for Treasury Wine Estates, says analyst Michael Simotas, who rates its stock a buy. Lifting the tariffs should support elevated growth as supply builds up, he says. It also "facilitates pricing power and improves earnings predictability," Simotas says. While this likely won't boost earnings much in FY 2024, "we believe it will be a significant EBITS uplift over time, as availability of luxury and icon wine increases," he says. (david.winning@wsj.com; @dwinningWSJ)

(END) Dow Jones Newswires

March 12, 2024 18:20 ET (22:20 GMT)

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It also \"facilitates pricing power and improves earnings predictability,\" Simotas says. While this likely won't boost earnings much in FY 2024, \"we believe it will be a significant EBITS uplift over time, as availability of luxury and icon wine increases,\" he says. 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Eliminating the ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK7097","symbol_name":"酿酒商与葡萄酒商","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2419594219","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2419594219","pubTimestamp":1710282000,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"2220 GMT - While China's interim determination on removing punitive wine tariffs is not final, Jefferies believes the final outcome in coming weeks is unlikely to be any different. 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