How long have you held the stock?
Since October 2014
What do you like about it?
It has some attractive macro tailwinds, with a weakening $A and the emergence of the Asian consumer as a growth engine. The lower $A makes Australia’s wine exports more competitive, as well as giving profits from its US Beringer wine business a translational boost.
Increasing incomes across Asia and China in particular have helped to drive increasing wine consumption, especially at the premium end. Treasury has been benefitting from this growth through its Penfolds and Wolf Blass labels.