Some broker ugprades coming in to the reporting season. Input costs (bulk wine) has come down actually paricularly for reds, and their markets are seeming pretty resilient. I know it's all "china china china", but reality is the wine has been diverted elsewhere in US/Asia or are being sourced from US/Europe. Margins are doing well, volumes doing well, and marketing doing very well. Asset valuations are also skyrocketing with their wine-bank and vineyards all going up. Looking forward to report in a couple of weeks.
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