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Equities / Re: Spot KLCI Index
« Last post by ahbah on Today at 09:15:00 PM »
Last month, Bank Negara Malaysia Governor Tan Sri Muhammad Ibrahim said underpinned by continued strong performance, the Malaysian economy has the potential to record more than 6.0 per cent growth this year.
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Equities / Re: Spot KLCI Index
« Last post by ahbah on Today at 03:20:14 PM »
KUALA LUMPUR, April 21 — Bursa Malaysia is expected to trend higher next week with the composite index likely to breach the 1,900 level amid volatile trading, said Inter-Pacific Securities Sdn Bhd Head of Research, Pong Teng Siew.
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Commodities / Re: Spot Gold Price (Per Ounce)
« Last post by king on Today at 05:19:28 AM »



1338
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Commodities / Re: Spot Brent Oil Price
« Last post by king on Today at 05:19:06 AM »



73.71
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Global Markets / Re: DJIA Index Movements
« Last post by king on Today at 05:17:18 AM »


-202
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Global Markets / Re: S&P 500 Index Movements
« Last post by king on Today at 05:16:54 AM »



-23
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Equities / Re: Anyone knows why BAT tai kor share price keep falling?
« Last post by Teosh on Yesterday at 08:46:15 PM »
BAT Malaysia seeks clearer regulations
Samantha Ho / The Edge Financial Daily
April 20, 2018 09:01 am +08

KUALA LUMPUR: British American Tobacco (Malaysia) Bhd (BAT Malaysia) said it will hold off any plan to introduce e-cigarettes or other reduced-harm products in Malaysia until there are clear regulations on these products.

“We are a bit concerned that if we do introduce these products, the regulatory framework would not be as sharp (clear) as they should be,” BAT Malaysia group managing director Erik Stoel told a media briefing after the group’s annual general meeting  yesterday.

Guidelines are needed on the excise duties that must be paid for such products, as well as the marketing restrictions associated with them, he added.

“Fundamentally, we think that if we can sell potentially reduced- harm products to consumers in Malaysia then we should,” he said, adding that it is the “right” thing to do since these products may have less severe health effects on users.

BAT launched Glo, a tobacco- heating device, in Japan in May last year, and has a “very good product portfolio” in Europe’s strong vaping market currently, Stoel said.

He said BAT Malaysia would ultimately like to launch similar products here but it “first wants to see a good regulatory framework that ensures we don’t end up in the same situation two years ago concerning vaping”.

In 2015, several states in Malaysia had banned the sale of e-cigarettes after the National Fatwa Council ruled that vaping was forbidden in Islam.

Introducing such reduced-harm products may be the lifeline needed by tobacco companies in Malaysia, which have seen their market size and subsequently their earnings, squeezed by the market for illegal cigarettes.

BAT Malaysia’s share price has taken a beating, falling 47.4% over the past year to close at RM24.72 yesterday. But it was the top gainer on Bursa Malaysia yesterday and ended the trading session with a market value of RM7.18 billion.

“There is a correlation between our share price and the size of the legal market, which fell to 41.7% in 2017,” said BAT Malaysia group chief financial officer Ricardo Guardo.

Comparatively, the illegal market has grown to 58.3% last year from 52.5% in 2016, said Stoel.

“Tobacco consumption by Malaysians rose to an all-time high last year and was largely fuelled by illicit trade,” he added.

Going forward, any growth in the group’s revenue and earnings will largely depend on measures the government takes to crack down on illegal trade, he noted.

“We are confident enough to say we will continue delivering growth in the legal market, but ultimately it boils down to the measures the government will take against illegal cigarette trade,” he said, adding that the group is committed to working with the authorities to come up with a solution.

However, Stoel stressed that enforcement against illicit trade should not only depend on action by the Royal Customs Department and coastguards, and the ministry of health, the Malaysia Marine Enforcement Agency and the domestic police force are among the other government agencies that also have a role to play in combating the issue.

BAT Malaysia saw its net profit decline 34% to a 17-year low last year at RM479.69 million, while revenue declined 20% to RM3 billion on the back of a shrinking legal tobacco market.

Despite the disappointing results, BAT Malaysia saw its share of the legal domestic tobacco market grow 1.4% year-on-year to 54.6% last year.

http://www. theedgemarkets .com/article/bat-malaysia-seeks-clearer-regulations
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Equities / Re: Anyone knows why BAT tai kor share price keep falling?
« Last post by Teosh on Yesterday at 08:44:55 PM »
BAT says fall in share price reflects dwindling legal tobacco market
Samantha Ho / theedgemarkets.com
April 19, 2018 16:38 pm +08

KUALA LUMPUR (April 19): The fall in the share price of British American Tobacco (Malaysia) Bhd (BAT) matches the decline in the size of the legal tobacco market in Malaysia, said group chief financial officer Ricardo Guardo.

"There is a correlation between our share price and the size of the legal market, which fell to 41.7% in 2017," Guardo told reporters after the group's annual general meeting today.

Conversely, the size of the illegal market had grown to 58.3% last year from 52.5% in 2016, added group managing director Erik Stoel

BAT's price fell to an all-time low of RM22.74 yesterday. The counter recovered slightly today, trading at RM24.38 an hour before the market close.

Stoel said that going forward, any growth in the group's revenue and earnings would largely depend on the measures the government takes to crack down on illegal trade.

"We are confident enough to say we will continue delivering growth in the legal market, but ultimately, it comes down to the measures the government will take on illegal trade," he said.

"Tobacco consumption by Malaysians rising to an all-time high last year had largely been fuelled by illicit trade," he added.

Stoel said BAT recorded a 53.9% share of the legal domestic tobacco market last year and is committed to staying in Malaysia despite having closed down its production factory in 2017.

"An increase in our marketing investment in 2017 versus 2016 shows our commitment to the domestic market," he said.

Stoel also said BAT is considering launching reduced harm products in Malaysia such as its heated tobacco device, glo, which was launched by BAT in Japan.

However, the group is concerned that the regulatory frameworks are not strong or stable enough to support the introduction of new products yet, he added.

https://www. theedgemarkets.com /article/bat-says-fall-share-price-reflects-dwindling-legal-tobacco-market


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Equities / Re: Spot KLCI Index
« Last post by Sailor on Yesterday at 05:33:41 PM »
Typing error ?1983 & 1986😁
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Equities / Re: Spot KLCI Index
« Last post by king on Yesterday at 04:50:50 PM »



1887.75

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