Nov 5 (Reuters) - Treasury Wine Estates Ltd TWE.AX :
* TREASURY WINE ESTATES LTD - TWE 2020 AGM ADDRESSES AND Q1 TRADING UPDATE-TWE.AX
* WORK IN RELATION TO THE POTENTIAL DEMERGER OF PENFOLDS HAS BEEN PAUSED
* ACROSS ASIA, SEEN PROGRESSIVE RECOVERY OF DEMAND M/M, WITH DEPLETIONS FOR TOTAL CO'S BRAND PORTFOLIO GROWING 14% IN Q1
* ASSESSING INTERNAL OPERATING MODEL OPPORTUNITIES TO DELIVER LONG-TERM VALUE THROUGH SEPARATE FOCUS ACROSS BRAND PORTFOLIOS
* IN Q1, IN CHINA SPECIFICALLY, HAVE CONTINUED TO SEE STRONG RECOVERY IN CONSUMER DEMAND FOR OUR BRANDS
* HAVE NOT RECEIVED ANY ADVICE OR NOTIFICATION FROM CHINESE AUTHORITIES IN RELATION TO SPECULATION RELATING TO A POTENTIAL EMBARGO
* LONG-TERM VALUE CREATION EXPECTED FROM SEPARATE FOCUS FOR PENFOLDS AND OTHER PREMIUM BRANDS
* INCREASINGLY OPTIMISTIC AROUND PROSPECTS FOR EARNINGS RECOVERY FROM H2 OF FISCAL '20 IN EACH OF CO'S MARKETS OUTSIDE OF CHINA