The Tobacco and Smoking Control Bill 2022 should be thrown out. Besides constitutional and consumer rights issues, prohibiting entire future generation from smoking will just push cigarette sale underground, with government losing massive tax revenues. This Bill scares the Market to stay away from tobacco companies like BAT, and buying BAT today is betting that this Bill will fail. To me, it's worth the risk, so, I added BAT at RM10.2 to be below 6% of my stock portfolio.
I will never take up smoking but I respect consumer rights to choose whether to take up smoking. The Tobacco and Smoking Control Bill removes consumer rights to choose, which is very dangerous. Sure, smoking increases mortality rate but many things increase mortality rates.
For example, Malaysians are also amongst the most obese nation in the world, with huge health strain on the health sector. Should there be a bill to force everyone born after 2007 to exercise at least 30 minutes every day and watch their diet? I love to exercise 30 mins 3-4 days a week and I love to watch my diet, but having such a Bill to force every Malaysian is wrong.
Bills like this which is unconstitutional and ignores consumer rights to choose, should be condemned and removed. It is just plain wrong.
Perhaps we’ve seen the bottom for BAT already after Khairy lost. GeG was always too ambitious and Khairy seen as the face of it. Market should be pricing in for at least 4-5 year delay which should translate another RM2-4 rise over next year once government is stable and GeG is indefinitely deferred;) I am glad I averaged down at RM 10, lowering my average cost at 10.4, now one of my biggest holdings. My actual cost lower from past dividends collected.
Sorry, the RM12-14 price target is maybe in 2-4 years time rather than next 12 months. 12 months is possible but may not be likely unless sentiment really changes in the market. The reliable and high dividend yield though is very nice at this juncture especially after we’ve seen bottom.
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....
Havefun
361 posts
Posted by Havefun > 2022-09-15 14:17 | Report Abuse
Any good news?