Shares of TWE have been trading actively since the release of their full-year results on August 15th.
It seems investors are weighing up the negative impact of increased trade tensions between the US and China against the positive bottom line news over the last year.
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TWE posted a NPAT of $360 million for FY 2018, which was an increase of 33% on the prior year.
The strongest component of the report was in Asia, which reflected a 23% rise in volume and a 12% increase in net sales.
As such, the biggest risk for TWE is a material slow down in demand from their Asian customers.
On balance, we see scope for a pull back into the the $17.20 area and a medium-term upside target of $20.00
Treasury Wine Estates.
