Business
Why this fundie tips Australian Vintage (ASX:AVG) shares
When you think of ASX listed wine shares, Treasury Wine Estates Ltd (ASX: TWE) is likely the first one to come to mind. And for good reason.
The iconic Aussie wine company has a market cap of more than $8 billion, with a portfolio of globally recognised names including the likes of Penfolds, Beringer, Lindemans and Wolf Blass.
But as you likely know, Treasury Wine has been struggling to diversify from its dependence on the Chinese market, following import restrictions from the Chinese government.
Which brings us to a lesser-known ASX wine share, Australian Vintage Ltd (ASX: AVG), with a market cap of $202 million. You may be familiar with the company’s McGuigan Wines brand.
Why this fundie likes Australian Vintage shares
Simon…
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