Business
Fund manager says Treasury Wine (ASX:TWE) share price is too cheap // Motley Fool Australia
The embattled Treasury Wine Estates Ltd (ASX: TWE) share price is finding support among some experts as one fund manager called it far too cheap.
The comment came from Tribeca Investment Partners lead portfolio manager Jun Bei Liu, reported the Australian Financial Review.
Shares in the alcoholic beverages group came under pressure recently when China launched an anti-dumping investigation on Aussie wines.
TWE share price supported by asset value
China has been targeting a range of Australian imports into that country as diplomatic relations between the two nations worsened.
But the stock appears cheap given the strong demand for premium wine in China, said Liu at the 2020 Sohn Hearts & Minds Conference.
She explained that the TWE…
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