Author Topic: BAT (4162)  (Read 1196 times)

Online Teosh

  • Baronet
  • ****
  • Posts: 1,075
BAT (4162)
« on: September 14, 2021, 09:57:15 AM »
https://www.nst.com.my/news/nation/2020/12/652714/narrow-price-gap-between-legal-and-illicit-cigarettes-says-ahmad-maslan

Online Teosh

  • Baronet
  • ****
  • Posts: 1,075
Re: BAT (4162)
« Reply #1 on: October 29, 2021, 04:00:30 PM »
Quick take: BAT stock up on Q3 earnings beat

https://www.thestar.com.my/business/business-news/2021/10/29/quick-take-bat-stock-up-on-q3-earnings-beat

KUALA LUMPUR: British American Tobacco (M) Bhd’s (BAT) shares climbed in early trade Friday after it reported better-than-expected earnings in the third quarter.

The tobacco company rose 2.77%, or 40 sen to RM14.84, making it the third top gainer on Bursa Malaysia.

BAT’s net profit for the third quarter ended Sept 30 (3Q21) rose 23.43% to RM78.68mil from RM63.74mil a year ago.

Quarterly, however, fell 2.31% to RM613.02mil from RM627.52mil last year.


It declared a third interim dividend of 26 sen per share, amounting to RM74mil, to be paid out on Nov 25.  :cash: :cash:

Online Teosh

  • Baronet
  • ****
  • Posts: 1,075
Re: BAT (4162)
« Reply #2 on: November 02, 2021, 09:26:01 AM »
https://www.nst.com.my/business/2021/11/741628/legal-ciggies-market-pick-bodes-well-bat-malaysia

Legal ciggies market pick up bodes well for BAT Malaysia
By NST Business - November 1, 2021 @ 9:45am



KUALA LUMPUR: The business environment for legal cigarette players will continue to improve as movement restrictions are lifted, and concerted efforts are being made to combat illicit activity.

TA Securities Holdings Bhd noted that the level of illicit trade has dropped to 58 per cent from 64 per cent at the end of 2020, and the legal industry volume has grown 6 per cent year-on-year (YoY).

The firm said these fundamentals augur well for British American Tobacco (Malaysia) Bhd (BAT).


TA Securities noted that BAT's nine-month (9M) financial year (FY21) earnings of RM219.9 million came in within expectations at 76 per cent and 80 per cent of the firm's and consensus full-year estimates, respectively.

Revenue for 9M FY21 increased by 7.3 per cent YoY to RM1.78 billion, spearheaded by 7 per cent YoY growth in cigarette sales volume.


The company's legal cigarette market share ticked up to 52.5 per cent, driven by growth across key product categories -  with Premium up 2.1 percentage points (ppts), Aspirational up 0.8 per cent ppts and value-for-money up by 2.5 per cent ppts.

Operating cost dropped by 15 per cent YoY to RM153.0 million as the company's restructuring efforts have significantly

improved its operating structure.

TA Securities said the performance was remarkable considering the Covid-19 situation was bad during the third quarter (Q3) FY21.

It was made possible as the company closely engaged its key customers to provide steady product supplies, the research firm said.

TA Securities made no changes to its earnings forecasts pending analyst briefing which will take place in November this year and maintains a Buy call with an unchanged target price of RM15.70 a share.