time to reconsider BAT. Govt try to combat contraband cigs because they want the tax money. http://www.thesundaily.my/news/2213525 BAT strong fundamentals and market share will benefit most from this
The point of contraband cigs is that it is illegal, manufactured without a proper license or brought over from neighboring countries. The former is going to be closed down if caught, the latter, if taxed, will be either higher or same price as local cigs. BAT will have the upper hand if the new laws are enforced strongly with their long experience and presence Malaysia Also, this comes at a time where vapor industry is to be regulated as well. All giving a better playing field for BAT to win in this market, given their strong fundamentals
People not reading the newspapers. If wait for re-rating to buy, then it's too late, undervalued stock become fairly valued or overvalued. Stock market doesn't always reflect prices efficiently all the time.
start buying bat. wait for long term is good . now people is willing to spend money to buy because they want show off. even they not rokkok also buy to show off . haha
ivan9511 start buying bat. wait for long term is good . now people is willing to spend money to buy because they want show off. even they not rokkok also buy to show off . haha 10/07/2017 13:43
BRITISH AMERICAN TOBACCO - Still Suffering from 2015 Price Hike Date: 21/04/2017
Source : TA Stock : BAT Price Target : 52.08 | Price Call : HOLD Last Price : 44.60 | Upside/Downside : +7.48 (16.77%)
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Review BAT’s 1QFY17 earnings came in below ours and consensus expectations at 16% of full-year forecasts. Excluding all exceptional items i.e. FX losses, derivatives gains and restructuring costs (RM2.1mn), BAT’s adjusted net profit declined by 23.2% QoQ to RM120.9mn. This was due to decline in Domestic and Duty Free volume, on the back of growth in illegal cigarettes post GST implementation in Apr-15 and excise duty hike in Nov-15 whereby cigarettes prices increased to an average of RM17.50/packet from RM13.00/packet in 2014. YoY, BAT’s revenue dropped due to 24.5% lower domestic sale and export volume. Meanwhile, operating expenses reduced by 18.1% YoY due to i) lower recharges from related entities, ii) overhead savings from the cessation of manufacturing activity, and iii) timing of spends. These have filtered down to the bottomline with core profit slipped by 31.2%. 1QFY17 revenue decreased by 8.3% QoQ to RM770.7mn due to decline in sale volume of 20%. The adjusted net profit declined by significant 23.2% due to higher taxation. In terms of market share, the group’s market share drop from 57.1% in Dec- 16 to 53.5%. In the premium segment, Dunhill’s market share declined by 1.3p.p to 37.3% year to date. Meanwhile, Aspirational premium brands recorded a growth of 12.1% mainly due to the performance of Peter Stuyvesant’s with a 7.7% share of market gaining 0.7p.p when compared to previous quarter. https://klse.i3investor.com/servlets/ptres/40126.jsp
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....
desire
767 posts
Posted by desire > 2017-03-31 21:05 | Report Abuse
Who keep selling?? Continuous.. Buyer keep buying also