Ikan Bilis counters are warming up for goreng.....to divert attention from Lockdown( bursa no eye- see)...Bat is more ikan bilis counter than IB counter now....no FF and no Institution Funds
Now auntie uncle with deep pockets are majority owners of BAT. Low interests rate environment make equities more attractive. Retailers makes the buy call now.
If you want Dividend to make ends meet. Well BAT dividend will be very Handy. Bank Negara will surely announce a Drop in Bank Rate this week. I already said this 6 months ago but MCO just twist BN's hand to lower faster.
Revenue growth is nice, but should focus more on the net profit. With the higher sales mix of KYO and without too much of their vape earnings, i believe it is more product to see their net profit for the coming quarter to not exceed 80 million, more likely around 75 million range.
With that kind of net profit, the best reference of dividend distributed will be quarter ending jun'19, DPS of 26 cents. However, i'm being conservative. If truly net profit is able to exceed 80 million, that will be another round of rerating due to true sign of bottoming out. And with genuine harsher crackdown against contrabands, there are reasons for further optimism 6 months down the road.
Notwithstanding the MCO, five essential economic sectors are allowed to operate, namely manufacturing, construction, services, trade and distributions, and plantations and commodities.
Just done the survey around and can't find a single pack of illegal cig surround the area while legal cig also look lesser in the shop. Look like new policy to combat illegal cig is working while legal stock look like got supply problem also. Let see how Q4 result on 17Feb21 and shall pocketing more than 20cent dividend easily.
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
wkc5657
289 posts
Posted by wkc5657 > 2021-01-13 11:30 | Report Abuse
more road blocks and patrolling will be in place....contraband supply suddenly restricted and legal supply intact...
likely that old stock of contraband running low and low freshness....more upside to be seen starting march....