Posted by JJchan > 2021-06-13 17:51 | Report Abuse

https://www.barrons.com/articles/philip-morris-stock-buyback-repurchase-dividend-51623420505

I can give up Dividend if BAT follows Philip Morris to Buy-Back Shares. Management controls
50%, if buyback 20% from Market there is only 85.8mil shares in the market. But Top 30 shares
holders are holding about 20% so technically only 28.6mil free Float-----Can beat Nestle 138 price
in 6months

Posted by JJchan > 2021-06-13 18:00 | Report Abuse

BAT controls 55% of Malaysia Market and just a Cash-Cow. Management are Not interest to
raise Cash( RI ) to expand into others products beside Cigs and Vape----Having a 500 share
price just show prestige Image after all Cigs cannot Advertise in Sport, Entertainment or what-not about its Image.

Posted by Lanmum > 2021-06-15 21:59 | Report Abuse

Tough operating landscape but BAT offers attractive dividend yield
Tan Siew Mung
/
theedgemarkets.com

June 15, 2021 21:14 pm +08
Tough operating landscape but BAT offers attractive dividend yield
-A+A
KUALA LUMPUR (June 15): Earnings prospects of British American Tobacco (Malaysia) Bhd (BAT) are not expected to be that rosy given the tough battle with illicit cigarettes, in addition to the competition from its new rival — vape.

However, CGS-CIMB noted that while there is little capital appreciation potential left after its share price has climbed 19% year from this year's low, BAT offers a rather decent dividend yield.

According to the research house, BAT's dividend yield would be in the range of 5.9% to 6.7% for the financial year ending Dec 31, 2021 (FY21) until FY23.

The dividend yield is based on an annual net profit forecast of RM289 million in FY21, an almost 22% year-on-year growth. However, it expects the cigarette maker's net profit to be on a decline in the following two years to RM270 million in FY22 and RM253 million in FY23, noting that the downside risks are shrinking sales volumes and pressure on margins as more smokers opt for cheaper products.

This translates into a dividend per share of 99 sen in FY21, 93 sen in FY22 and 87 sen in FY23.

Commenting on the operating landscape, according to CGS-CIMB, BAT told the analyst briefing that the group began to see its sales climb in March, two months after the government banned cigarette trans-shipment, which was blamed for providing a conduit for smuggling cigarettes.

BAT guided that illegal syndicates are now shifting their smuggling channels from ports to smaller jetties, and it is still too early to celebrate a win in the battle against the illicit trade.

"Still, the group expressed confidence that it can generate more quarterly year-on-year sales volume growth in FY21, as it believes that some smokers have reverted to their former favourite legal brands," CGS-CIMB wrote in a research note today.

That said, CGS-CIMB highlighted that BAT is cognisant of the high pricing for legal cigarettes.

"It echoed our view, saying that this 'honeymoon period' of sales growth may come to a halt someday, especially since many Malaysians' incomes are strained due to the economic impact of the series of Movement Control Order imposed since March 18, 2020," it wrote.

The research house commented that although the lockdown may have lured some lapsed smokers and caused people to light up more often, much of the sales growth has come from margin-eroding value-for-money (VFM) cigarettes.

BAT revealed at the briefing that VFM lines' share of sales was about 15% in 1QFY21 and has been growing by about three to four percentage points per annum.

Meanwhile, cheaper and unregulated electronic cigarettes and vaporiser products have also grown in popularity, as according to BAT, vape's share of Malaysia's enlarged tobacco market has risen from about 9% in 2019 to about 12% currently.

According to CGS-CIMB, BAT has appealed to the government to draft a regulation on vape but there has not been much progress as the government has been tied up with fighting against Covid-19 and Parliament has been suspended since January 2021.

BAT's share price was unchanged at RM14.56 today, valuing the group at RM4.16 billion.

Kathy Fong

Posted by newbie2828 > 2021-06-15 22:30 | Report Abuse

how many peoole can afford a pack of dunhill at RM18? is e-cig legislation a priority for current government? if government can afford to shut beer and casino, meams no hurry for e-cig tax. as for curruption fighting, they are hammering own toe, its a miracle if mouth is biting its own finger.

Posted by newbie2828 > 2021-06-15 22:32 | Report Abuse

cimb is right, the only benefit is 5-6 % div thats it, little room for capital gain. down side for next 2 yr ahead.

Posted by fengpinglangjin > 2021-06-16 08:34 | Report Abuse

最新进展：

已表明有意在我国开拓电子烟业务的英美烟草（BAT，4162，主板消费股），其美国电子烟售价处于可负担的11美元（约45令吉），而烟弹则要价2.50美元（约10令吉）。

我们相信该公司的电子烟弹定价，能比起本地现有对手更具竞争力。

凭借知名度和全国销路，该公司潜在电子烟产品有望赢得可观市占率，但目前仍要先等卫生部表态；英美烟草已为电子烟产品推出做好准备。

Posted by fengpinglangjin > 2021-06-16 08:35 | Report Abuse

‎British American Tobacco (BAT, 4162, motherboard consumer stock), which has expressed an interest in expanding its e-cigarette business in China, sells its U.S. e-cigarettes for an affordable $11 (about RM45) and bombs for $2.50 (about RM10). ‎
‎ We believe that the company's e-cigarette pricing can be more competitive than existing local rivals. ‎
‎ ‎
‎ With its popularity and national sales, the company's potential e-cigarette products are expected to win a significant market share, but the Ministry of Health is still waiting for a ‎
‎ statement;‎。

Posted by Pinky > 2021-06-16 10:09 | Report Abuse

Dunhill RM17.40 expensive

But if u read other analysts' comments, BAT is gaining market share too at the mid-low segments.

And don't say expensive, smokers are not known to trade down i.e. lost job or reduced income still will smoke and stick to their fav brands

I cut down on food I cut down drinking yet I still smoke my RM17.40 Marlboro reds

Posted by Lanmum > 2021-06-16 10:20 | Report Abuse

Wah Pinky, you smoke Marlboro?. You have to switch to dunhill, old man brands now

Posted by Pinky > 2021-06-16 11:47 | Report Abuse

@Lanmum the new Value-For-Money brand under BAT umbrella, KYO is not bad, but I don't really like charcoal filtered cigarettes. I read from the analyst reports that it's doing not bad. RM12 brand.

Posted by Lanmum > 2021-06-16 11:51 | Report Abuse

By the way .. I'm wondering you got reading report from Affin Hwang Capital in i3 here lately? The latest I check is on Sunway 31stMay. Seems there is no more report.

Posted by IronShirt > 2021-06-16 20:14 | Report Abuse

https://www.malaysiakini.com/news/579270

Parliament Opens, BAT hit Limit-Up

Posted by batman666 > 2021-06-16 20:57 | Report Abuse

Possible

Posted by wkc5657 > 2021-06-17 12:11 | Report Abuse

don't get over your heads, parliament open focus on pandemic management, then economic priorities, then maybe new legislations (if got time)....vape/ecig bill, likely only after next GE....

Posted by Pinky > 2021-06-17 12:17 | Report Abuse

Keep for yield, capital gains treat as windfall...

Posted by newbie2828 > 2021-06-17 13:21 | Report Abuse

pariament open straight away gang fight to pull down the pm, the rest leave it to your imagination.

Posted by JJchan > 2021-06-22 16:57 | Report Abuse

Looks like someone is wiping out Top contra parking (14.60) Usually he wants to sell at much higher price----Big Fish playing

Posted by wsb_investor > 2021-06-24 15:50 | Report Abuse

https://www.kwongwah.com.my/?p=1014203

Posted by auditorandconsultant > 2021-06-25 09:33 | Report Abuse

Police took action already. https://www.kwongwah.com.my/?p=1014203

The above news is a solid evidence.

Hopefully, Q2 result is impressive.

Looking forward to receiving good dividends with good QR. Share price will skyrocket soon in July 2021.

Now, it is a good timing to collect more BAT before the price goes beyond 15.00

Posted by Simon_khoo > 2021-06-25 21:21 | Report Abuse

RSS grew back…

Posted by Simon_khoo > 2021-06-25 21:22 | Report Abuse

Share price will continue to trend down until and unless Q2 result is spectacular

Posted by Edison Chen > 2021-06-27 03:18 | Report Abuse

Nasib baik run awal kat 16,tak jadi stock ini,huhhh…

Posted by williamh > 2021-06-27 21:41 | Report Abuse

Tomorrow up

Posted by wsb_investor > 2021-06-28 09:40 | Report Abuse

BAT now import and distribute only

Posted by Simon_khoo > 2021-06-28 14:26 | Report Abuse

RSS grow every day…

Posted by SinGor > 2021-06-29 15:13 | Report Abuse

Cheap Labor in Indonesia. BAT bought everything from Indonesia. Intra-Asean, no import Tax.
BAT Sales is Not affected at All. Gov has no intention to stop Cigs Distribution during Lock-Down.
It will be WWIII if Gov banned Cig Sales

Posted by auditorandconsultant > 2021-06-29 15:42 | Report Abuse

Please collect more before the new Quarter result is released. I am very very optimistic and positive towards the development and update by the BAT HQ.


Transcript - 2021 First Half Pre-Close Trading
Update Q&A Conference call June 8, 2021

https://www.bat.com/group/sites/UK__9D9KCY.nsf/vwPagesWebLive/DOC3RN7L/$file/2021_First_Pre-close_Trading_Update_Transcript.pdf

Trading update - ahead of closed period commencing 28 June 2021

https://www.bat.com/group/sites/UK__9D9KCY.nsf/vwPagesWebLive/DOC3RN7L/$file/2021_First_Pre-close_Trading_Update.pdf

Posted by auditorandconsultant > 2021-06-29 16:24 | Report Abuse

FY 2021 expectations:
o Upgraded constant currency revenue growth of above 5%, ahead of our 3-5% guidance
o Mid-single digit adjusted diluted constant currency EPS growth
o Strong operating cashflow conversion in excess of 90%
o Leverage reducing to around c.3x Adjusted Net debt4
/ Adjusted EBITDA5 by year end

Driven by:
o Accelerating acquisition of non-combustible product consumers1
, up +1.4m to 14.9m in Q1,
with our New Category products now sold in 74 markets across 53 countries
o Continued acceleration of New Category volume and revenue growth, with market share6
gains across all three New Categories in all key markets
o Further increased New Category investment, weighted to H1, capitalising on our good
momentum
o Strong combustibles pricing and robust volume
o Negative geographic mix driven by a continuing recovery in Emerging Markets
o No expected recovery in Global Travel Retail until 2022
o A robust US performance, driven by New Category growth and strong combustible pricing
o Associate income reflecting the impact of the COVID environment in India on ITC, given our
share of results are reported one quarter in arrears
o Operating cash conversion weighted to the second half due to the phasing of Excise and
MSA payments relative to the prior year
o Translation headwind of c.-8% on adjusted diluted EPS growth, and a transactional headwind
of c.-2% on adjusted profit, for both H1 and FY 2021, applying current foreign exchange spot
rates7

Trading update detail: Strong share6 growth in each New Category across key markets

Vuse approaching global leadership in vapour reaching 31.4% category value share in Top 5
vapour markets April YTD, up 5.9 ppts vs FY 2020

o Vuse independently confirmed as the first global carbon neutral vape brand8
o Vuse/Vype growing value share in all Top 5 markets and continuing to close the gap on
global leadership
o Vuse/Vype brand migrations in Top 5 markets to be completed by the end of H1
o Continued volume share leadership of devices in all Top 5 markets
o Vuse now leads the category in 16 states in the US, with a total YTD Vuse family value
share of 29.8%; Vuse Alto value share is up 6.9 ppts v FY20 to 27.2% YTD

glo achieving strong volume share growth in ENA driven by Hyper, with continued positive
volume share momentum in Japan. glo’s THP category volume share of consumables in the
Top 9 THP markets reached 16.2% April YTD, up 2.9 ppts vs. FY 2020

o In Japan, glo nicotine (FMC+THP) volume share grew +80bps v FY20 to reach YTD share of
6.2%. Whilst volume growth continued to be strong, revenue in H1 is expected to be
impacted by increased consumer acquisition investment, and partial absorption of excise
also due to the disproportionate impact of the excise harmonisation on our products
o In ENA, which represents more than half of global THP industry volume, glo Hyper drove
strong volume share growth, reaching a glo YTD nicotine (FMC+THP) volume share of 1.7%
in Russia, Ukraine 2.7%, Romania 1.5% and 1.4% in Italy, in April
o glo Hyper is now launched in 18 of 21 glo markets with further expansion planned in H2
2021

Posted by auditorandconsultant > 2021-06-29 16:30 | Report Abuse

Consolidating International volume share leadership in Modern Oral, with strong Velo
volume share growth in the US. Modern Oral Category share of Modern Oral in Top 5
markets reached 40.2% April YTD up 3.4 ppts vs. FY 2020

o Velo volume share in the US up strongly by 6 ppts from December to reach an April share
of 14.6% in a competitive market
o On track for unconstrained US production capacity around mid-year
o In Sweden and Norway modern oral category volume share of 57.6% and 63.3% drove total
oral category volume share of 6.7% and 17.2%, up 1.8 ppts and 2.0 ppts YTD v FY20
respectively

Continued value and volume share gains in combustibles, with strong pricing partially offset
by geographic mix

o Group value and volume share both up 10bps YTD. Group FY cigarette volume expected
to be ahead of the industry, with FY industry volume expected to be down c.3%
o We continue to extract costs, rationalise, and simplify our combustible portfolio and
Strategic Brands represent around two thirds of our volume
o Volume recovery and share growth in key Emerging Markets, including Bangladesh,
Pakistan and Vietnam
o Expected strong constant currency revenue growth in the US driven by strong price mix,
and value share up 40bps YTD, with premium share up 40bps YTD, driven by Natural
American Spirit and Newport, reflecting no accelerated downtrading in our portfolio
o The US industry volume outlook remains unclear, due to continuing macro-economic and
fiscal uncertainties

Building on our strong ESG foundations we are creating shared value for all our
stakeholders, recent highlights include:

o In 2020, we set ambitious environmental targets3
, including achieving carbon neutrality
across our own operations by 2030, and for our tobacco supply chain to be free of child
labour by 2025.
o In 2021, we set additional stretching targets, which include achieving carbon neutrality
across our value chain by 2050 and 100% renewable electricity in operations sites by 2030
o We have a substantial body of scientific data for our reduced risk products2 across each
category and look forward to publishing our glo 180 day study in July, following very
encouraging results from our 90 day study.
o Our work has continued to receive external recognition this year, including Refinitiv
ranking BAT as the third highest ESG-rated FTSE100 company, the Financial Times
naming us as Climate and Diversity leaders, and being recognised as a Global Top
Employer for the fourth year in a row by the Top Employers Institute.

Posted by auditorandconsultant > 2021-06-29 16:35 | Report Abuse

Please collect more before the new Quarter result is released. I am very very optimistic and positive towards the development and update by the BAT HQ.

Posted by SinGor > 2021-07-01 17:13 | Report Abuse

Gov is so desperate for Tax revenue nowadays, they are sending inspection squad to factories
to see who curi-curi start work----I seriously believe "Rats" are mostly dead

Posted by IronShirt > 2021-07-05 11:00 | Report Abuse

The only Stock that can withstand LockDown..Even Carlsberg factory closed, but there is no
shortage of Carlsberg Beer...Sin Stock always Win

Posted by Ntpboon > 2021-07-05 11:47 | Report Abuse

--------------------------
-------------------------------

通胀来了，抽烟等股息吧！

-----------------------------------

Posted by wkc5657 > 2021-07-05 13:59 | Report Abuse

i exit my position in the morning, switch to serba dinamik, worth the short term trading risk....

come back here later :)

Posted by Pinky > 2021-07-05 16:44 | Report Abuse

Wah auditor, why today BAT so strong

Posted by auditorandconsultant > 2021-07-05 20:48 | Report Abuse

now more and more states are opening their economic activities, as they are in phase 2 of recovery plan.

Parliament will be reconvened end of July.

Will expect more and more regulations be debated and approved which will bring positive sentiment.

Hopefully regulation on E cigarettes will be formalised asap

Quarter two result would be impressive and I foresee higher dividend to be declared soon around end July or early August

Please buy and collect more before the price go beyond 15/16 ringgit

Posted by TakeProfits > 2021-07-05 22:06 | Report Abuse

Kikiki WKC...you sell BAT in morning arh...walau hehehe ..
Come back and pay more tomorrow...Kikiko..lol
Haha..You smart fella...

Posted by wkc5657 > 2021-07-06 14:01 | Report Abuse

@TakeProfits

At least will hold until EY completed their assignment for serba dinamik, maybe few more weeks.

Will still continue to monitor BAT. I believe got possibility will slowly climb close to 16 till around next quarter announcement.

Posted by williamh > 2021-07-06 17:26 | Report Abuse

The trend seem back toward the recently high of 16 while waiting for the 2qr on the 29.7

Posted by trum > 2021-07-07 16:28 | Report Abuse

11.75 HLG TP for Bat

Posted by JJchan > 2021-07-09 18:02 | Report Abuse

When Qwek Len Chan ( owner of Hong Leong )wants to Buy, he always send HLG to drop
the price First. I built many ceramic Tile production lines for Him

Posted by Bgt 9963 > 2021-07-10 09:04 |

Post removed.Why?

Posted by Pinky > 2021-07-10 09:34 | Report Abuse

JJchan worked in Hong Leong Industries ka?

Posted by IronShirt > 2021-07-13 18:05 | Report Abuse

Feeling someone( maybe GLC) is buying BAT. Many big Cap stocks are being dumped bcos
of LockDown and next Qr results are going very South...BAT results is actually getting Better
with LockDown. Surely Runners for GLC are Not blind not to see it

Posted by Investman1981 > 2021-07-17 12:15 | Report Abuse

When do announce Q2 result? Wait for dividend haha

Posted by SinGor > 2021-07-17 16:39 | Report Abuse

2Qr. results out maybe 22--23 July. Maybe Monday 19July if really Good

Posted by williamh > 2021-07-18 16:20 | Report Abuse

It were always better then Q1 the Q2 from the records

Posted by williamh > 2021-07-18 16:21 | Report Abuse

Hopefully 27 cents again

Posted by getonwithit > 2021-07-19 14:12 | Report Abuse

over the last few months : checking on social media channels and a roadside area where mall working smokers usually smoke (as a sample) - i notice less complaints about unable to get illicit cigarette stock as well as more illegal boxes on the floor. therefore I do not expect this quarter to be better than last year's quarter. Delighted if proven wrong though!

Also i hope the company gives more details about their Settlement with the Health Ministry as per announcement on 22/6.
The case was with regards to the following :
https://www.theedgemarkets.com/article/bat-accuses-health-ministry-selective-prosecution

Posted by Pinky > 2021-07-19 14:39 | Report Abuse

@getonwithit by right with all the MCO/FMCO/EMCO, smuggling should not be possible.

If smuggling of these illicit/contraband ciggies is possible, then that explains how all those foreign variants of Covid-19 reach our shores.