General China data still weak and wine exports to China (as per Wine Australia release) -12% for 12mths to March 2014. In particular, looks like the Dec 13 to Mar 14 quarter was very bleak for wine sales into China. If these trends continue, TWE are going to struggle to hit their revised FY14 forecasts and I still think new CEO wants to rebase FY15 forecasts due to necessary investment in the existing operations (ala the new CEO at CCL last friday).
MM any new thoughts??
General China data still weak and wine exports to China (as per...
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