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Asian Century Stocks

Asian Century Stocks is a newsletter providing financial journalism for companies and stocks in the Asia-Pacific. 
The Asian Century Stocks logotype “百” stands for “one hundred” or a “century”. The economic centre of gravity is moving towards Asia. Yet most global investors are missing out.

Research from Asian Century Stocks, Asian Century Stocks

Michael Fritzell

Research from Asian Century Stocks

Equity Bottom-Up

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<a href="https://finance.yahoo.com/quote/TWE.AX/?ref=asiancenturystocks.com" target="_blank" rel="noopener">Treasury Wine Estates</a> (TWE AU — US$3.0 billion) is one of the world's largest wine producers globally. And it's one of the very few large companies in Australia trading at a reasonable valuation multiple.
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It started as the wine division of brewery giant Forster's Group. From the 1990s onwards, Foster's acquired vineyards and brands such as Penfolds, Lindeman's and Beringer.
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But throughout the 2000s, this wine division underperformed, draining cash from Foster's highly profitable beer business. So in 2011, it was eventually spun off into a separately listed entity called Treasury Wine Estates (TWE).
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Treasury Wine Estates (TWE AU — US$3.0 billion) is one of the world's largest wine producers globally. And it's one of the very few large companies in Australia trading at a reasonable valuation multiple.


It started as the wine division of brewery giant Forster's Group. From the 1990s onwards, Foster's acquired vineyards and brands such as Penfolds, Lindeman's and Beringer.


But throughout the 2000s, this wine division underperformed, draining cash from Foster's highly profitable beer business. So in 2011, it was eventually spun off into a separately listed entity called Treasury Wine Estates (TWE).



Treasury Wine Estates (TWE AU): Penfolds Owner at 11x P/E and 7% Dividend Yield