Maybe the drop in share price reflects the undeniable loss of market share to illicit tobacco market in the country. Illicit tobacco are making more than RM1bil based on selling price of RM4-6 per pack.
Rochman brand the entry level tobacco sells at RM12/pack, with RM8 of tax and RM4 as Revenue. The trend of illicit tobacco is growing to 59% of the total tobacco market in Malaysia as of 2017. BAT is giving 98% of profit as Dividend to shareholders, which is highest than all before. Even so, the dividend amount per share is drowning.
If this issue is not curb, BAT will have a hard time surviving less growth in this region.
i believe illegal cigarette can control half of market because of umno political ppl import and sell, thats why no 1 block, but now new government will sapu it
there must be something weird ,normally listed company will publish their result as early as they can if the result is good , so what happen here is this company had delay the result and this happen to the foreign listed company without any single announcement really strange!!!
sw0010 you more weird is true. Why must create new id to comment here?
Posted by sw0010 > May 15, 2018 06:31 PM | Report Abuse there must be something weird ,normally listed company will publish their result as early as they can if the result is good , so what happen here is this company had delay the result and this happen to the foreign listed company without any single announcement really strange!!!
under the new clean govt illicit cig will be gone..bat revenue could easily doubled...if kiddie pax introduced we could easily see this counter at 60+..that's why all the funds are sapu-ing now
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....
ivan95111
86 posts
Posted by ivan95111 > 2018-05-07 20:23 | Report Abuse
Buy at 22.46. Very cheap now.