2345 GMT - Goldman Sachs analysts see mixed signals on Chinese demand for Treasury Wine Estates' Penfolds brand. Scanning e-commerce shopping channels for clues, they see the February price of Penfolds Bin 389 wine sitting close to where it was before the Lunar New Year celebrations. This is 17% lower than the prior month's tracking price and points to potentially weaker demand, they write in a note. However, the price of Bin 407 wine has increased on pre-Lunar New Year levels and is consistent with the prior month. They reckon this as evidence of strong retail demand. GS has a buy rating and A$13.00 target price on Treasury shares, which are up 0.75% at A$10.73 ahead of the open. (stuart.condie@wsj.com)
(END) Dow Jones Newswires
February 05, 2025 18:45 ET (23:45 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
免責聲明：投資有風險，本文並非投資建議，以上內容不應被視為任何金融產品的購買或出售要約、建議或邀請，作者或其他用戶的任何相關討論、評論或帖子也不應被視為此類內容。本文僅供一般參考，不考慮您的個人投資目標、財務狀況或需求。TTM對信息的準確性和完整性不承擔任何責任或保證，投資者應自行研究並在投資前尋求專業建議。