Happy holder here :Analysts from E&P estimated earlier this...

Happy holder here :

Analysts from E&P estimated earlier this month that a restart of Australian exports to China could add $100 million to Treasury Wine’s annual earnings by 2026. E&P analyst Phil Kimber said that before the COVID-19 pandemic, Treasury Wine’s China operations delivered between $180 million to $200 million of earnings annually. Mr Kimber said should Treasury Wines regain half of that business, it would add 10 per cent to earnings within three years.

Treasury Wines has not made any forecasts about the projected profit upside from a China restart, other than to say it will be minimal for the rest of this financial year. Treasury Wines chief executive Tim Ford said the ending of restrictions “signals the start of our ramp-up to re-establish our Australian luxury and premium wine distribution in China”.

“The removal of tariffs on Australian wine exports to China is terrific news and is cause for celebration across the Australian wine industry, and with our partners and consumers in China,” Mr Ford said.

Jarden analyst Ben Gilbert said this month that a removal of tariffs was not fully priced into the Treasury Wines share price, and there was more than $2 worth of “implied medium-term valuation upside”.