i use morgan stanley and they have struggled with TWE over the years - they thought the premium wine was a bit of an overplay but coming around now.
it does need a bit of a kick to get going but do see 30$ over LT and think 24$ is reasonable from ML. Wine is big business in China as the market matures.
If look at drink dynamics and progression beer and lower end wine consumption has decreased somewhat as punters look for a more refined way of drinking to match a perceived lifestyle and frankly healthier choices.
personally I am an old school beer guy but i do love my gin and a quality wine. I mean how many people complain of a wine gut and a premium one at that.
TWE Price at posting:
$17.05 Sentiment: Buy Disclosure: Held
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