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Algo Signal – TWE

Our Algo Engine flagged a recent buy signal in TWE at or near $12.30.

The recent share pullback creates an attractive entry point.  Asia demand looks strong and FY18 earnings should see underlying profit increase over 20% to $360 million.

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We believe TWE is still in the early stages of building a significant business across Asia, which will help to support the “buy on the dip” approach.

Chart – TWE

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