Group 1 - The core announcement is that Du Fu Liquor Group (00986) has appointed Mr. Qin Zizun as an executive director effective from October 22, 2025 [1] - Following the appointment of Mr. Qin, both he and Mr. Liu Jun have been designated as co-chairmen of the board [1]

Core Viewpoint - The Accounting and Financial Reporting Council (AFRC) of Hong Kong has disciplined PricewaterhouseCoopers (PwC) and two individuals for audit deficiencies related to Dynasty Fine Wines Group's financial audits for 2010 and 2011 [1][3]. Summary by Sections Disciplinary Actions - The AFRC issued reprimands and imposed fines totaling HK$1.6 million ($205.8k) on PwC, Cheng Kwong On (engagement partner), and Kong Ling Yin, Raymond (engagement quality control reviewer) [2]. Audit Deficiencies - PwC's audit work on revenue recognition was found deficient, lacking adequate evidence for the group's revenue records, leading to an incorrect unmodified audit opinion [3][4]. Concerns in Revenue Recognition - The AFRC highlighted that revenue recognition is a recurring concern, often due to poor audit planning, inadequate risk assessment, and deficiencies in audit procedures [4][5]. Allegations and Internal Investigation - Allegations in 2012 suggested that Dynasty Fine Wines Group's reported revenues were overstated, with many sales being fictitious. An internal investigation confirmed that a large volume of wine products sold to a distributor had not been delivered [5][6]. Financial Statement Adjustments - Following the investigation, the company adjusted its financial statements for 2010 and 2011, revealing a loss in 2011 instead of the previously reported profit, along with a substantial reduction in retained earnings for both years [6][7]. Auditor Reliance and Improvements - Auditors relied on the group's internal sales documents without verifying actual delivery. The AFRC noted no evidence of intentional misconduct. PwC has since enhanced its financial systems by adopting Oracle Fusion Cloud ERP [7].

Group 1 - The 2025 Annual General Meeting of Treasury Wine Estates is being held both in person and virtually, allowing shareholders to participate actively [2] - The meeting is attended by key directors and management, including the Chief Financial and Strategy Officer and various Non-Executive Directors [3] - The meeting is also attended by members of the executive leadership team and the lead audit partner from KPMG, indicating a comprehensive representation of the company's governance [4]

Core Insights - Andrew Peller Limited will release its financial results for the three and six months ended September 30, 2025, on November 4, 2025, after market close [1] - A conference call to discuss these results is scheduled for November 5, 2025, at 10:00 a.m. (ET) [2] Company Overview - Andrew Peller Limited is a prominent producer and marketer of quality wines in Canada, operating wineries in British Columbia, Ontario, and Nova Scotia [3] - The company markets wines made from grapes sourced from Ontario's Niagara Peninsula, British Columbia's Okanagan and Similkameen Valleys, as well as vineyards globally [3]

Treasury Wine Estates (TWE) has scrapped its fiscal 2026 earnings guidance, citing an "uncertain outlook" for Penfolds and its Treasury Americas business. “As a result of the uncertain outlook in relation to Penfolds and Treasury Americas, TWE has formed the view that it is no longer appropriate to retain its guidance for EBITS growth at a group level in F26,” the Lindemans brand owner said in a trade update today (13 October). The company’s update today has prompted a sharp market reaction, with the val ...

(Corrects to remove extraneous hyphen in headline, no other changes to text) By Christine Chen and Shivangi Lahiri SYDNEY (Reuters) -Australia's Treasury Wine Estates on Monday pulled its earnings guidance for 2026 and paused an A$200 million ($130 million) share buyback, citing weak sales of its flagship Penfolds wines in China and distribution challenges in the U.S. The announcement sent shares of Treasury, one of the world's top five winemakers by volume, down 14% to A$5.99, their lowest point in mor ...

By Christine Chen and Shivangi Lahiri SYDNEY (Reuters) -Australia's Treasury Wine Estates on Monday pulled its earnings guidance for 2026 and paused an A$200 million ($130 million) share buyback, citing weak sales of its flagship Penfolds wines in China and distribution challenges in the U.S. The announcement sent shares of Treasury, one of the world's top five winemakers by volume, down 14% to A$5.99, their lowest point in more than 10 years. Treasury said sales of Penfolds in China had been weaker tha ...

The U.S. wine industry hasn’t had it this bad since Prohibition. Changing drinking habits, falling prices, tariffs and the weather are forcing winemakers to do the unthinkable: rip up the vines.🔗: https://t.co/b18ZWbGIoR https://t.co/lKfzQKj09U ...

Changing drinking habits, falling prices, tariffs and the weather are forcing winemakers to do the unthinkable: Rip up the vines https://t.co/Zh1EV4XpwU ...

Core Viewpoint - Constellation Brands (STZ) is anticipated to report a year-over-year decline in earnings and revenues for the quarter ended August 2025, which could significantly influence its stock price depending on the actual results compared to estimates [1][3]. Earnings Expectations - The upcoming earnings report is expected to show earnings of $3.37 per share, reflecting a 22% decrease year-over-year, with revenues projected at $2.46 billion, down 15.8% from the previous year [3]. - The consensus EPS estimate has been revised down by 6.46% over the last 30 days, indicating a reassessment by analysts [4]. Earnings Surprise Prediction - The Zacks Earnings ESP model indicates that the Most Accurate Estimate matches the Zacks Consensus Estimate, resulting in an Earnings ESP of 0%, suggesting no recent differing analyst views [12]. - The stock currently holds a Zacks Rank of 5, which complicates the prediction of an earnings beat [12][13]. Historical Performance - In the last reported quarter, Constellation Brands was expected to post earnings of $3.34 per share but delivered only $3.22, resulting in a surprise of -3.59% [14]. - Over the past four quarters, the company has beaten consensus EPS estimates twice [15]. Market Reaction Factors - An earnings beat or miss alone may not dictate stock movement, as other factors can influence investor sentiment [16]. - While betting on stocks expected to beat earnings can increase success odds, Constellation Brands does not currently appear to be a strong candidate for an earnings beat [18].