Posted by 22avenue > 2016-03-17 21:11 | Report Abuse

http://disclosure.bursamalaysia.com/FileAccess/viewHtml?e=2656825

wind down its factory operations located at Virginia Park, Jalan Universiti, 46200 Petaling Jaya, Selangor.

Posted by kelv > 2016-03-17 21:12 | Report Abuse

BAT close shop?

Posted by I_like_dividend > 2016-03-17 22:13 | Report Abuse

Cost saving. F&N did it before.

Posted by 22avenue > Mar 17, 2016 09:11 PM | Report Abuse
http://disclosure.bursamalaysia.com/FileAccess/viewHtml?e=2656825
wind down its factory operations located at Virginia Park, Jalan Universiti, 46200 Petaling Jaya, Selangor.

Posted by I_like_dividend > 2016-03-17 22:14 | Report Abuse

Can declare special dividend once land disposal complete.

Posted by 22avenue > 2016-03-17 22:45 | Report Abuse

Mr. I_like_dividend would you mind to share where you got the source that mention dividend will be declared upon completion of the land disposal? Talk is cheap here, it really does.

Posted by I_like_dividend > 2016-03-17 22:47 | Report Abuse

Will not happen immediately but eventually. If read latest AR PJ land last revalued in 1961 so huge disposal gain will be expected.

Posted by I_like_dividend > 2016-03-17 22:49 | Report Abuse

If the said land BAT doesn't want to dispose can BAT develop it like F&N? So property development become BAT new business?

Posted by yansheng > 2016-03-17 23:00 | Report Abuse

Is it good for bat??good for shareholder???

Posted by I_like_dividend > 2016-03-17 23:22 | Report Abuse

Once factory close can save salary expenses. Good for shareholder.

Posted by yansheng > Mar 17, 2016 11:00 PM | Report Abuse
Is it good for bat??good for shareholder???

Posted by Heng Leong Chan > 2016-03-18 07:57 | Report Abuse

Short term good but long term uncertain in my view

Posted by Mizi1 > 2016-03-18 08:55 | Report Abuse

import from factory at other country might not be cheap...profit transfer out..

Posted by I_like_dividend > 2016-03-18 09:27 | Report Abuse

Despite all negatives news from IBs' major shareholder never sell. I trust parent company BAT over IBs' as they run the company so need to protect their interest not IBs' or EPF.

Posted by I_like_dividend > 2016-03-18 09:27 | Report Abuse

Other country tax not as high as M'sia, perhaps import can save cost.

Posted by I_like_dividend > 2016-03-18 09:35 | Report Abuse

Unless M'sia govn come back with counter offer with lower tax and ban vaping, BAT better close M'sia factory.

Posted by Junichiro > 2016-03-18 09:55 | Report Abuse

If u keep on increasing tax like no tomorrow, these industries will shift. The beer industry has also given this indication. Smoking is sin. Vaping is not sin? Unemployment among the general population will rise besides those employed graduates.

Posted by Junichiro > 2016-03-18 11:42 | Report Abuse

Today in the Sun, "more than 50,000 graduates unemployed in 2015". Only those big companies can afford to employ graduates. If u keep on driving away these multinationals, you will get this problem. Most of the job vacancies now are sales n marketing job which does not need to employ graduates. Those non-graduates who can do a super sales job is wanted everywhere. it is no use hiring a graduate who only can do backroom jobs. Banks have retrenched a lot of backroom staff via VSS.

Posted by jjoker > 2016-03-18 12:12 | Report Abuse

wahahaha
BAT gonna wind up

Posted by kinfatt999 > 2016-03-18 13:36 | Report Abuse

selllllllllll kin kin selllllllllllll

Posted by zerocool7199 > 2016-03-18 14:50 | Report Abuse

https://m.malaysiakini.com/news/334287

Posted by nekosan > 2016-03-18 15:12 | Report Abuse

pakatan_harapan, hahaha

you close factory, where got revenue, without revenue where got profit.

Posted by Junichiro > 2016-03-18 15:17 | Report Abuse

They have already got factories in other SEA countries with cost of production lower than ours. So, they just import n sell. Why no revenue? I pity those workers who are retrenched. But don't blame it on BAT. Nobody will 'tolong' retrenched workers.

Posted by kinfatt999 > 2016-03-18 15:57 | Report Abuse

bat will panic sell

Posted by I_like_dividend > 2016-03-19 20:45 | Report Abuse

Just check BAT have factory in Cambodia. Can produce cigarette cheaper there.
http://www.bat-cambodia.com/group/sites/BAT_9KDJ5W.nsf/vwPagesWebLive/DO86FJQ6?opendocument

Posted by I_like_dividend > 2016-03-19 20:53 | Report Abuse

Close factory in M'sia serve few purposes:
1) Book gain from land appreciation
2) Cost saving from manpower expenses
3) Escape huge tax imposed by M'sian government.

Posted by Heng Leong Chan > 2016-03-21 10:36 | Report Abuse

No panic selling. Share price up 0.16

Posted by timing > 2016-03-21 10:37 | Report Abuse

"water" cigar too much in the market.

Posted by hewiester > 2016-03-21 11:02 | Report Abuse

will BAT be delisted since it is not operating in MALAYSIA?

Posted by Lulu La > 2016-03-21 11:16 | Report Abuse

BAT still hv sales force operating in malaysia..and their product still selling in malaysia...just move the manufacturing factory to other place only...

Posted by Lulu La > 2016-03-21 11:26 | Report Abuse

China company listing here a bit different case...the whole BAT board is in malaysia..biz in malaysia...

Posted by Diamond7 > 2016-03-21 11:40 | Report Abuse

All will cabut...

Posted by BN_menang > 2016-03-25 09:23 | Report Abuse

RM4bil taxes lost to illicit cigs
http://www.thestar.com.my/news/nation/2016/03/25/rm4bil-taxes-lost-to-illicit-cigs-sabah-and-sarawak-rank-highest-in-sales-of-contraband-nationwide/

Posted by matthewming > 2016-03-25 11:16 | Report Abuse

Nobody trade today....

Posted by Perry Lau > 2016-03-30 15:25 | Report Abuse

what happen to bat? drop drop

Posted by FX Lee > 2016-03-30 16:37 | Report Abuse

BAT shuts down Malaysian plant




KUALA LUMPUR: British American Tobacco (Malaysia) Bhd (BAT), which had been wrestling with high sin taxes and a growing illicit market — and just weeks after fellow tobacco player JT International Bhd (JTI Malaysia) said the country had reached a tipping point in terms of the amount of tax the industry can absorb — has decided to close down its factory in Petaling Jaya and source tobacco products from its sister companies in the region.

The closure of the factory in Jalan Universiti will be done in stages and will be completed by the second half of next year, as part of a restructuring exercise, said BAT, which counts Peter Stuyvesant, Dunhill and Pall Mall among its brands of cigarettes, in a filing with Bursa Malaysia yesterday.

The move will see BAT let go of 230 workers with a benefits package and an option to go through a career transition programme.

“The restructuring is in line with the company’s efforts towards realising a new and more sustainable business model, amid an increasingly challenging business environment. The high-excise environment has ultimately led to the sharp rise in illegal cigarettes and significantly lower legal sales volumes, resulting in rising cigarette production costs,” said BAT.

Its wholly-owned subsidiary, Tobacco Importers and Manufacturers Sdn Bhd, will wind down the factory, which sits right smack at the intersection that used to be a roundabout colloquially referred to as the “Rothmans Roundabout”, coined after BAT’s previous name, Rothmans of Pall Mall (Malaysia) Bhd. The company manufactures tobacco products and semi-finished goods, such as processed tobacco, at the factory.

“This increasingly challenging environment requires the company to restructure and transform its business which, apart from the winding down of factory operations, includes the sharpening of its commercial capabilities whilst optimising the supply chain and transactional activities to ensure that BAT remains a competitive consumer-focused market leader,” said BAT.

The local tobacco industry had to contend with three rounds of excise-duty hike between 2013 and 2016. Tobacco tax rose 14% in September 2013, 12% in November 2014 and a whopping 36% in November 2015.

The last round of hike prompted BAT managing director Stefano Clini to express his “extreme disappointment and shock” as he could not imagine the impact the hike would have on the industry.

To compound matters, the excise-duty hike came after the introduction of the goods and services tax (GST) last April.

In an interview with The Edge Financial Daily early this month, JTI Malaysia general manager Guilherme Silva said there had been a 20% decline in legal industry volume over the last three months, following the excise-duty hike in November last year.

“We have reached the tipping point. If there is further movement in the prices of cigarettes, the tobacco industry would collapse,” he said. JTI Malaysia is the country’s second-largest tobacco company with a 22% market share, after BAT (62.1%).

Following the closure of the factory, BAT plans to sell the land on which it is located via a public tender exercise that is expected to be completed around May — subject to shareholders’ approval. According to the group’s latest annual report, its two plots of land in Petaling Jaya — collectively measuring 49,605.44 sq m — had a net book value of RM57.48 million as at Sept 30, 1961.

BAT, the only public-listed tobacco player on the local exchange, announced a 1.7% year-on-year increase in net profit for its financial year ended Dec 31, 2015 (FY15) to RM913.31 million or RM3.187 a share last month, though revenue fell 4.6% to RM4.58 billion.

The same announcement also showed a 13.5% decline in its domestic volume versus the 8.2 billion sticks it sold in 2014, due to weaker market sentiment post-GST and the impact of the “unusually large November excise increase”. The 2014 figure was down 300 million sticks from the volume it recorded in 2013.



http://www.theedgemarkets.com/my/article/bat-shuts-down-malaysian-plant

Posted by The One > 2016-03-30 22:25 | Report Abuse

R. I. P. Batman ...

Posted by zerocool7199 > 2016-03-30 23:19 | Report Abuse

Will drop further..

Posted by leecuteguy > 2016-03-31 06:59 | Report Abuse

let it drop....as long as it can rebound strongly

Posted by 22avenue > 2016-04-04 16:43 | Report Abuse

http://www.bloomberg.com/news/articles/2016-04-04/asia-s-no-2-cigarette-maker-drops-after-closing-india-factories

India factories closed down.
Shares in the company part-owned by British American Tobacco Plc fell as much as 3 percent, the most intraday since March 15

Posted by icebull > 2016-04-04 17:51 | Report Abuse

top gain today

Posted by I_like_dividend > 2016-04-06 17:21 | Report Abuse

EPF buying.
http://web1.cyberstock.com.my/masanews/dll/GetMasaNews.dll?NewsId=201604063600104&Theme=99

Posted by The One > 2016-04-06 18:02 | Report Abuse

Temporary support before distribution.. monitor closely ya.. gudluck..

Posted by Mini Yuan > 2016-04-20 17:02 | Report Abuse

Any idea on today fall? Sifus here, mind to share?

Posted by Mini Yuan > 2016-04-21 15:00 | Report Abuse

Betul juga. Thanks Si fu

Posted by yamloon > 2016-04-24 00:00 | Report Abuse

Enter 53.88

Posted by Babybear > 2016-04-25 15:41 | Report Abuse

Sold 55 earn a bit.

Posted by I_like_dividend > 2016-04-26 00:00 | Report Abuse

BAT asks Govt for freeze on excise duty
http://www.thestar.com.my/business/business-news/2016/04/25/bat-asks-govt-for-freeze-on-excise-duty/

Posted by I_like_dividend > 2016-04-26 00:04 | Report Abuse

Just realise MRCB CEO is BAT chairman. So BAT can sell PJ factory land to MRCB or co-develop the land after closing factory?

Posted by arlaxeat > 2016-04-27 07:27 | Report Abuse

BAT earnings fall 28.6% of net profits for 1st quarters 2016
http://tefd.theedgemarkets.com/2016/TEP/20160427cvxeon.pdf

Posted by Undi_PKR > 2016-04-27 10:42 | Report Abuse

Although gov intention to collect more tax from 40% tax increase in actual they get lower tax than before raising.

Posted by Undi_PKR > 2016-04-27 10:42 | Report Abuse

QR not very bad compare to Dutch Lady but share manipulation possible.