Cukai Makmur will not affect much on BAT. We do not look at the groups of companies as they will be taxed at an individual company level. According to the latest annual report, BAT have 3 principal offices, 1 manufacturing plant company, and 10 branches throughout Malaysia. Price @16.00 & above is reasonable, price above 22 is bonus.
But there are risks here. One would be that this period of higher inflation has worked its way into consumer expectations to the point that it will be to some degree self-perpetuating. Another would be that the tightness in the labor market won’t dissipate, with many of the people who left the workforce during the pandemic permanently on the sidelines.
For now, however, the big issue is that supply constraints haven’t gone away, and with the holidays approaching, the economy has entered the season of peak consumer demand. It won’t be until the first quarter, when demand for consumer goods is much lower, that supply constraints might ease. If inflation looked hot in October, just imagine what November and December might bring.
Agree with you Troy88...these fellas don't know selling just to get dividends the net after paying commission will result in a lesser dividend amount. Crazy fellas as they can't even hold on to their BAT??
Reiterate OUTPERFORM. As earnings are revised upwards, we raised our TP of RM16.70 (RM15.70 previously) applying an unchanged (FY22E PER of 17x – closed to its 3-year Mean).
Given its potential tax contribution to government coffers, enforcement in curbing illicit products looks likely to be strengthened coupled with the momentum of economic recovery which would boost sales.
Its dividend yield is among the highest in our consumer universe at 2x higher than the peers’ average.
Undervalued at this juncture with a compelling dividend yield of >6% we reiterate OUTPERFORM.
There will always be opportunities in stock market. Always invest only with spare funds and excess savings that can withstand a time horizon of at least 3-5 years. Retail investors must never ever use margin financing no matter how confident you are with your stock picks. Funds/IBs with deep pockets will “kill” you with their RSS strategies. The stock market will always face market irrationality and subjected to unpredictable market vagaries. As such, the stock market is not for emotionally driven investors. Strong Balance Sheet, Cashflows & generous dividend yields are always the best barometers guide. In terms of Corporate Governance, BAT is second to none.
BAT Management has No buy-Back request to Bursa but that doesnt means Mother BAT ( UK ) cannot ask JP Morgan and MacQuarie to pump-up last minute. Most of the last minute pump-up previously also has No news------just pump-up 10--15 cents
Portfolio Manager shares allocation ( change portfolio ) will start between 15 Dec to 30 Jan 2022. With Banks, Construction, Properties and Gloves in Doldrums, Coupled with Rising interest Rate and Inflation, BAT and others Sin Stocks are more stable and provide adequate returns. Even if DOW / US economy collapsed, BAT & sin stocks are hardly affected bcos they are not exporting to USA. Beer and Cigs are exclusively meant for Local consumption
There is so much uncertainties in Bursa with Omicron, you have to get insurance from Trusted stock like BAT to face Omicron....extremely Good Dividend payout and No Sale Counter Closure in All previous LockDown
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....