goldentriangleDJI was big plunged to closed at 20,668.01 (-237.85) (-1.14 %) And for oil price, Brent tumbling to closed at $50.98 (-0.64) (-1.24 pcent%) Nymex also tumbling to closed at $48.25 (-0.66) (-1.35%)
limen12time to reconsider BAT. Govt try to combat contraband cigs because they want the tax money. http://www.thesundaily.my/news/2213525 BAT strong fundamentals and market share will benefit most from this
KayEventually, contraband cigs will be taxed somewhat too. Making it even playground.
limen12The point of contraband cigs is that it is illegal, manufactured without a proper license or brought over from neighboring countries. The former is going to be closed down if caught, the latter, if taxed, will be either higher or same price as local cigs. BAT will have the upper hand if the new laws are enforced strongly with their long experience and presence Malaysia Also, this comes at a time where vapor industry is to be regulated as well. All giving a better playing field for BAT to win in this market, given their strong fundamentals
limen12So, I would consider buying now, and collect more if price falls. But do your own analysis and buy
beige94People not reading the newspapers. If wait for re-rating to buy, then it's too late, undervalued stock become fairly valued or overvalued. Stock market doesn't always reflect prices efficiently all the time.