TA TP RM 52.08 by year-end?

BRITISH AMERICAN TOBACCO - Still Suffering from 2015 Price Hike
Date: 21/04/2017

Source : TA
Stock : BAT Price Target : 52.08 | Price Call : HOLD
Last Price : 44.60 | Upside/Downside : +7.48 (16.77%)

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Review
BAT’s 1QFY17 earnings came in below ours and consensus expectations at 16% of full-year forecasts. Excluding all exceptional items i.e. FX losses, derivatives gains and restructuring costs (RM2.1mn), BAT’s adjusted net profit declined by 23.2% QoQ to RM120.9mn. This was due to decline in Domestic and Duty Free volume, on the back of growth in illegal cigarettes post GST implementation in Apr-15 and excise duty hike in Nov-15 whereby cigarettes prices increased to an average of RM17.50/packet from RM13.00/packet in 2014.
YoY, BAT’s revenue dropped due to 24.5% lower domestic sale and export volume. Meanwhile, operating expenses reduced by 18.1% YoY due to i) lower recharges from related entities, ii) overhead savings from the cessation of manufacturing activity, and iii) timing of spends. These have filtered down to the bottomline with core profit slipped by 31.2%.
1QFY17 revenue decreased by 8.3% QoQ to RM770.7mn due to decline in sale volume of 20%. The adjusted net profit declined by significant 23.2% due to higher taxation.
In terms of market share, the group’s market share drop from 57.1% in Dec- 16 to 53.5%. In the premium segment, Dunhill’s market share declined by 1.3p.p to 37.3% year to date. Meanwhile, Aspirational premium brands recorded a growth of 12.1% mainly due to the performance of Peter Stuyvesant’s with a 7.7% share of market gaining 0.7p.p when compared to previous quarter.
https://klse.i3investor.com/servlets/ptres/40126.jsp

TP RM 1.2. Buy while still cheap.
https://klse.i3investor.com/servlets/ptres/41880.jsp

I support HLG TP because Tan Sri Desmond Lim bought at 2.5 sure want his interest taken care.

3 Tune for 1 AA sure TIH better buy.

My IB like AA but why don't like Tune? Unaware?

PE only 4.84 at 6.5 sen. Should trade at 13 sen.

6.5 sen wall is heavy but slowly can clear?

Even RM 1.15 hard to cross when can reach MIDF RM 1.47 or CIMB RM 1.71?

FGV previously want to takeover Zhong Ling from China so should takeover Xinghe instead?

Now biz is 1/3 AirAsia if travel insurance(TI) become compulsory TI can gain 3X more?

AA fans please come here for more gain than AA itself.

CIMB stocks tip?

Maybank TP RM 47 why 45 so difficult?

4.27 bottom price for downcycle?

China stocks comeback?

30-Aug-2017 Insider DATO' SRI CHONG KET PEN (a substantial shareholder) acquired 73,200 shares on 28-Aug-2017.
https://klse.i3investor.com/servlets/forum/800000826.jsp

Like PW 4 years ago P/B Xinghe 0.23 still very low hence more upside.

T4Q NAPS | P/NAPS: 0.237 | 0.23
https://klse.i3investor.com/servlets/stk/0095.jsp

If can move to 15.5 sen like Huaan there is 200% upside.

Traders see next Fed rate hike in mid-2018
https://www.reuters.com/article/us-usa-fed-futures/traders-see-next-fed-rate-hike-in-mid-2018-idUSKCN1BC50W

Up 37.5% from last week. 2nd biggest gainer(in%) behind Huaan.

Latest QR is PW best ever.
http://klse.i3investor.com/servlets/stk/fin/7134.jsp

I am first forumer to post here when PW only 40 sen 4 years ago. Today PW has tripled along with stock split, bonus and nice dividends.

Posted by rlch > Mar 14, 2013 09:58 PM | Report Abuse
NTA RM3.63, EPS 8.61sen. Why share price not moving?

PUC 13 sen fetch QR EPS 0.04 sen so is Vivo worse off?
http://www.malaysiastock.biz/Corporate-Infomation.aspx?securityCode=0007

Interim 2 sen dividend meaning good QR? Good sales from just completed 1st phase Tropicana Bay Residence?

CIMB RM 1.71 tak boleh pakai? If use 5.2 sen dividend what value we get?

We retain our FY17 to FY19 earnings per share (EPS) forecasts and dividend discount model-based target price of RM1.71,” CIMB said in its note. Despite a 23.1% y-o-y fall in travel insurance gross premiums since the insurer switched to an opt-in function in July 2016, CIMB said it was positive on the new partnership with CAA, as this would be a new income stream for Tune.
Read more at http://www.thestar.com.my/business/business-news/2017/08/22/analysts-remain-bullish-on-tune-protect-as-better-h2-seen/#Peg7KsoRxo5bKx3p.99

Can ask our PM is FGV important to BN?

FGV mesti boleh like our Sea Games sportmen.

Public Invest what TP?

Just need to ask TM staffs to buy UEM S house is a show of support to BN govn as well.

New chairman from TM got help achieve good QR?

Insurer P&O with loss QR why 1.28?

Sime Darby,KLK or IOI should buy FGV using share swap(not involving cash) like what Scomi do.

Market value FGV now only RM 5.9465 billion when is theory should worth RM 123.5 billion. So FGV should rise 21 times more or TP RM 34?

1 hectare=2.47105 acres. If 400,000(actual far more) hectares total acreages FGV has is 988,421 acres. If time RM 125,000 per acre we get FGV valuation at RM 123.5 billion.
http://www.metric-conversions.org/area/hectares-to-acres.htm

If follow Yippy68 RM 125 K per acre how much is FGV 400,000 hectares valuation?

Posted by Yippy68 > Aug 20, 2017 10:59 AM | Report Abuse
i sold my oil palm land at kampong for an acre of RM 125,000.00..bplant have 200,000 acres, cost at RM 12,400.00..if management so naive to sell at 50,000.00 an acre, you will be able to work out how much your share worth today by amount of share you own , divided by total issue of share 1.6 billion and multipl by 200,000 x 50000 = your money parking at bplant.

Why die-die must goreng same stocks? 1000+ counters in Bursa cannot find new 1 to fry?

No wonder PM Najib no confidence in Chinese votes coming GE. What Chinese do make Chinese even angrier at MCA, Gerakan.

Before IPO Felda own 100% FGV. Now FGV drop so much time to privatise FGV like Lotte 6 years ago?

MACC checking FIC so that Felda have funds to buy FGV assets?

Perhaps you should ask relist counters like Malakof, Astro, etc do they have good performance post relisting?

Posted by enning22 > Aug 7, 2017 11:27 AM | Report Abuse
Lottetitan is not a simple reincarnation of olden day Titan,it is a different set up backed by Korean chemical technology.and research.With petroleum price continues to stay low for long period of time ,petrochemical industry can be benefited as low cost of raw materials persists.

Agree with curious2. Perhaps we should find out which counters has chance to be privatised like Lotte and have high return few years later.

Bakke from Sime Darby CEO become plantation CEO. Sound like demotion? Why not join FGV as CEO?
Read more at http://www.thestar.com.my/business/business-news/2017/07/28/sime-darby-unveils-senior-leaderships-for-units-listing-by-year-end/#SsSyVug3QCb6ZIzq.99

2nd in volume. Foreign funds buying?

AdCool go to MRCB. They need you more there.

EPF, CKP and other director buying could mean QR good coming.

No way. Now SBK MRT complete a lot of people want to go to Kajang to eat sate. Good for Protasco PPA1M.

vivobro will drop soon, sharks going to load off their share till rm0.68
28/07/2017 09:00

Expand Voopee into Indon?
http://www.bursamalaysia.com/market/listed-companies/company-announcements/5499817

Sime Darby unveils senior leaderships for units, listing by year-end
Read more at http://www.thestar.com.my/business/business-news/2017/07/28/sime-darby-unveils-senior-leaderships-for-units-listing-by-year-end/#SsSyVug3QCb6ZIzq.99