Dear Valued Affluent Investors,
Would like to point out a quick update on BAT - Which I have called out before in my previous articles. Do take a look at this consolidation chart which is pending a strong breakout.
As you can see, it is testing resistance now at RM 13-15. However, after testing it for many times, eventually it will breakout. Fundamentals are here to stay.
Positive fundamental catalysts :
1) MCO & COVID Period have tight cross border regulations.
2) Earnings superior compared to most stocks in Bursa Malaysia
3) PE Ratio of only 10.99x & Dividend Yield of 8.87% (Representing 4x of FD Yield)
Negative Catalysts :
1) Illegal cigerrate market which has been controlled during MCO Period.
Thanks for reading.
Best Regards,
Greatwarrants
Disclaimer:
Investing in stocks is a great tool for capital gains. However, all investments come with risk. Therefore, all investment decisions should be borne at your own cost and I will not be held liable for any investment decisions made. Do not buy Equities if you do not know the risk !! Thank you.
GreatWarrants
Do take note that momentum for this stock is slow. And may be more suitable for long term investors
2020-05-21 10:50