Smoking ban in restaurant and hawker stalls has hurt BAT a lot, follow with losing market share to vape and pods as a substitute goods. But the worst has come to an end, as the new tobacco products act will be passed this year to regulate vapes product. Together with current high DY > 10%, BAT should rebound to at least DY5% on the current low interest regime.
However, not too optimistic la, RM60 and above is not likely anymore.
Stock: [BAT]: BRITISH AMERICAN TOBACCO (M)
2020-01-30 14:43 | Report Abuse
Smoking ban in restaurant and hawker stalls has hurt BAT a lot, follow with losing market share to vape and pods as a substitute goods. But the worst has come to an end, as the new tobacco products act will be passed this year to regulate vapes product. Together with current high DY > 10%, BAT should rebound to at least DY5% on the current low interest regime.
However, not too optimistic la, RM60 and above is not likely anymore.