Nestle is selling daily needs (food & beverage) but BAT is selling something unhealthy (& a lot of restrictions from authority)... that's y price cannot go up in long term. For short term trade, BAT is good for fast money.
@newbie5354: I didn't post here bcoz this is a sleeping counter.... price go down most of the time but only once in a while shoot up. After shoot up, it will start going down again. So if I post when price going down & nobody reads comment then wasting my time. But now is the right time to post bcoz the price is starting to come up. Also, I was busy at the SAPNRG forum for the past 2 months.
People may not spend RM 17 to buy Nestle products everyday but there r probably 10 to 20 million people in Malaysia using Nestle products whereas there r very much less than 1 million people (maybe only around 50k to 100k people) buying BAT's cigarettes everyday.
@Bf Siau: That announcement u referred to was 02 Nov 2017 transaction. Later when they sold some more shares & cease to be a substantial shareholder of BAT they stopped reporting about their transactions (not required to report anymore).
I don't think it will shoot up to $50, even back to $40 also not sure can or not bcoz BAT has a long term down trend (so cannot hold it for long). This is due to its declining business (but it is still profitable... less profitable though over time). But my TP at $36.60 should be achievable.
@risktransformer today closed exactly.at 33, previously shot up at.closing to 40 2 times n followed by severe downturn, it seems some punters r accumulating the shares... wat u think?
I saw the trend too. Someone is playing it. But looking at the rest of mnc like nestle, dlady, f&n, panamy.....BAT is way too low now. Believe one day will go much higher above 50
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limkokthye
6,039 posts
Posted by limkokthye > 2018-01-17 23:55 | Report Abuse
more to drop, wait below 30 , i just cut loss today