As long as there is no genuine effort to reduce sin tax and relaxing regulation, don't expect them to continue business. The way it is left to erode signifies the owners are willing to leave.
It normally takes markets months to go down but just a few days to rise back..dun lose the opportunities afforded here...remember bjtoto and magnum when they are dirt cheap a few yrs ago coz ppl fear this and that
The market main concern is the illicit cig. The market valuation on bat is the reflecrion of our malaysia enforcement standard. What do you think of our enforcement efficiency? So... Rm 8? Rm 5?
High ROE consumer stock selling at PE<10x, common sense will tell if this is considered cheap or not. Many negative factors have reflected in current stock price. One small positive factor will trigger its stock price to rebound. It is indeed a falling knife. Buy gradually bit by bit. No rush.
Illegal cigarettes is all time problem... but how big is the impact of smoking ban at eatery is remain to be seen... clearer picture after 2Q results of 2020....
With the wuhan virus spreading fast and not contained.Enforcement on smoking will be stricter at times like this.So it is not impossible to drop below RM 10.00.All attention will be on glove counters which will enjoy another big upside.Any counter manufactures N95 and surgical masks in here? Most of them are imported from China.
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....
CUTLOST
5,178 posts
Posted by CUTLOST > 2020-01-24 11:57 | Report Abuse
Stop smoking.. It's kill..