Tamnavulin Distillery

Yes

... and it was a Tamnavulin, was it?

It was Tamnavulin.

It was just a, a, a, a reminder of, of, of the old Invergordon days at Tamnavulin.

Yeah, yeah.

I, I, I like Tamnavulin, and, and it's a nice kind of Speyside.

I also like what they're doing at the moment with the different casks.

Yeah.

If you're looking for fresh trade ideas or want to stay updated on companies that could be worth adding to your watchlist, then you're in the right place.

In today's episode, we'll talk about our latest company update on Emperador Inc, or EMI, one of the world's largest branded spirits companies and the name behind well-known labels such as Emperador Brandy, Fundador, White and Mackay, The Dalmore, Jura, and Tamnavulin.

All right, let's get into it.

We are iterating our buy recommendation on EMI with target price raised to nineteen pesos and fifty cents.

China remains a challenging market overall, but EMI noted that business conditions there have improved significantly compared to last year.

Looking beyond the near term, we're also positive on the structural growth prospects of premium single malt whiskey.

Globally, consumers continue to shift toward premium and luxury spirits, and EMI is well-positioned to benefit through brands such as The Dalmore, Jura, and Tamnavulin.

Management shared that single malt whiskey has significantly outperformed the broader spirits industry over the past two decades, and they believe that trend still has room to continue.