It has been yet another incredible year for Treasury Wine Estates Ltd (ASX: TWE) and its shareholders.
Thanks largely to a stunning 131% jump in statutory net profit after tax to $179 million, the wine company's share price has rocketed higher by 25% year to date. Clearly there is a growing demand for Australian produce across the world and the company is taking full advantage of it.
But it's not the only company looking to do so. There are three other companies listed on the Australian stock exchange which I'm sure would all aspire to be like Treasury Wine Estates.
Here they are:
Australian Vintage Limited (ASX: AVG)
Australian Vintage is the company behind the McGuigan, Nepenthe, and Tempus Two wine brands. Whilst a sharp drop in the British pound following the Brexit has seen its results negatively impacted, there's no denying that the company is making significant progress in the China market. Sales by volume in China rose 52% in FY 2016. At the current price I believe Australian Vintage would be a great buy and hold investment.
Broo Ltd (ASX: BEE)
It has been a rollercoaster ride for shareholders of beer company Broo in the last couple of weeks. Its shares rocketed over 20% at the end of last month after the company announced a Chinese distribution deal. But since then its given back all these gains and more. Whilst Broo's entry into the world's largest beer market is an exciting development, I've seen nothing from its domestic sales to indicate that sales in China will be any better. Broo delivered Australian sales of $516,334 in FY 2016, down 28.5% from $722,571 in FY 2015.
Gage Roads Brewing Co Limited (ASX: GRB)
This craft beer company has had a year to forget after the loss of major shareholder Woolworths Limited (ASX: WOW). But it has responded positively and signed a new distribution deal with Metcash Limited (ASX: MTS) through its Australian Liquor Marketers brand. This will give the company access to 12,000 hotels, liquor stores, restaurants, and other licensed premises across every Australian state. Gage Roads is down, but not out. I would suggest investors sit tight and wait to see how the new deal goes before investing.
