AVG australian vintage ltd
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Chinese Wine Tariffs Declining

  1. AustinNZ
    3,177 Posts.
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    28/01/17
    14:52
    Post #: 22188101
    The slight upsurge earlier this month in the SP was probably in part due to the reduction in the Chinese Wine Tariff to 5.6% as a result of the Dec 2015 FTA between the two countries, which will see annual reductions in tariffs of 2.8% each January until they are reduced to zero in 2019. However, as seems to be the norm with this stock, the impact of any good news seems to wear off fairly soon and is quickly forgotten. I'm planning to top up a little if it gets back to high 40s as it appears there is still good upside to come.

    ANZ
    AVG Price at posting: 52.5¢ Sentiment: Buy Disclosure: Held
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    lightbulb Created with Sketch.  Great analysis
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