YB go go go

Think of it now KPMG vs EY. Who wants more reputation and credibility now ...

By the way... I'm wondering you got reading report from Affin Hwang Capital in i3 here lately? The latest I check is on Sunway 31stMay. Seems there is no more report.

By the way .. I'm wondering you got reading report from Affin Hwang Capital in i3 here lately? The latest I check is on Sunway 31stMay. Seems there is no more report.

Wondering when lumber will contribute to the profit...

Hi guys, I'm wondering you guys reading report from Affin Hwang Capital in i3 here lately? The latest I check is on Sunway 31stMay. Seems there is no more report.

Hi guys, I'm wondering you guys reading report from Affin Hwang Capital in i3 here lately? The latest I check is on Sunway 31stMay. Seems there is no more report.

Hi guys, I'm wondering you guys reading report from Affin Hwang Capital in i3 here lately? The latest I check is on Sunway 31stMay. Seems there is no more report.

Hi guys, I'm wondering you guys reading report from Affin Hwang Capital in i3 here lately? The latest I check is on Sunway 31stMay. Seems there is no more report.

Hi guys, I'm wondering you guys reading report from Affin Hwang Capital in i3 here lately? The latest I check is on Sunway 31stMay. Seems there is no more report.

Hi guys, I'm wondering you guys reading report from Affin Hwang Capital in i3 here lately? The latest I check is on Sunway 31stMay. Seems there is no more report.

Wah Pinky, you smoke Marlboro?. You have to switch to dunhill, old man brands now

Pinky, you still hold Taann ?

Nice run up today ...

Tough operating landscape but BAT offers attractive dividend yield
Tan Siew Mung
/
theedgemarkets.com

June 15, 2021 21:14 pm +08
Tough operating landscape but BAT offers attractive dividend yield
-A+A
KUALA LUMPUR (June 15): Earnings prospects of British American Tobacco (Malaysia) Bhd (BAT) are not expected to be that rosy given the tough battle with illicit cigarettes, in addition to the competition from its new rival — vape.

However, CGS-CIMB noted that while there is little capital appreciation potential left after its share price has climbed 19% year from this year's low, BAT offers a rather decent dividend yield.

According to the research house, BAT's dividend yield would be in the range of 5.9% to 6.7% for the financial year ending Dec 31, 2021 (FY21) until FY23.

The dividend yield is based on an annual net profit forecast of RM289 million in FY21, an almost 22% year-on-year growth. However, it expects the cigarette maker's net profit to be on a decline in the following two years to RM270 million in FY22 and RM253 million in FY23, noting that the downside risks are shrinking sales volumes and pressure on margins as more smokers opt for cheaper products.

This translates into a dividend per share of 99 sen in FY21, 93 sen in FY22 and 87 sen in FY23.

Commenting on the operating landscape, according to CGS-CIMB, BAT told the analyst briefing that the group began to see its sales climb in March, two months after the government banned cigarette trans-shipment, which was blamed for providing a conduit for smuggling cigarettes.

BAT guided that illegal syndicates are now shifting their smuggling channels from ports to smaller jetties, and it is still too early to celebrate a win in the battle against the illicit trade.

"Still, the group expressed confidence that it can generate more quarterly year-on-year sales volume growth in FY21, as it believes that some smokers have reverted to their former favourite legal brands," CGS-CIMB wrote in a research note today.

That said, CGS-CIMB highlighted that BAT is cognisant of the high pricing for legal cigarettes.

"It echoed our view, saying that this 'honeymoon period' of sales growth may come to a halt someday, especially since many Malaysians' incomes are strained due to the economic impact of the series of Movement Control Order imposed since March 18, 2020," it wrote.

The research house commented that although the lockdown may have lured some lapsed smokers and caused people to light up more often, much of the sales growth has come from margin-eroding value-for-money (VFM) cigarettes.

BAT revealed at the briefing that VFM lines' share of sales was about 15% in 1QFY21 and has been growing by about three to four percentage points per annum.

Meanwhile, cheaper and unregulated electronic cigarettes and vaporiser products have also grown in popularity, as according to BAT, vape's share of Malaysia's enlarged tobacco market has risen from about 9% in 2019 to about 12% currently.

According to CGS-CIMB, BAT has appealed to the government to draft a regulation on vape but there has not been much progress as the government has been tied up with fighting against Covid-19 and Parliament has been suspended since January 2021.

BAT's share price was unchanged at RM14.56 today, valuing the group at RM4.16 billion.

Kathy Fong

Oh guys, what happen today?

.Announced. Kindly check

Nic, I have no idea and I don't have any insider news. Let's wait and see. By the way, just focus on your other counter first.

Hope YB do not dissapoint us in this year. Pray hard this iculs is a blessings lo.

Orson Sifu, we all have one common thing, to earn money ma either big or small. No need so stress. I joking only. Take it easy.

But looking at the chart is good buy now.??

Haha. Yea. Somke more at home. Like TGUAN target is very pleasant & comfortable. This one very stress. Appreciate you guys opinions. Thanks for sharing Pinky and auditorandconsultant

@auditorandconsultant, the HLB target and price now is big big gap. A bit scare. Good, Pinky you add on

Hi, guys how u all doing?. Orson Sifu, you baik baik cakap. Buy or not Buy?. I follow you. Hahaha ...

Bat or vape is not pekebun taste. Finally you able to ditch him. Congrats..

@auditorandconsultant, nice sharing. Thanks

Rookie sifu, what say some small upside. I thought its a big potential. Can explain at ....

@ Pinky, you are absolutely correct ....

Hi auditorandconsultant, can ask how you calculate FCF?. I see so many way to calculate. Any simple way? Thanks

Hi auditorandconsultant > we are doing great. Hope you are in the well. Your busy is over? OK I look at batman later. Thanks

Guys, The subtitle here mention duke 4. At 15:05. Got DUKE 4 meh?


mrstrong SPE / DUKE 3 Highway Penerangan Penuh ( Malaysia First Fully Eleveted Highway )
https://www.youtube.com/watch?v=X8nWxzBsEgU
05/06/2021 3:11 PM

Congrats to Pinky and all UOADEV holders

@ Pinky, Theoretically, all plantations and lumber ctr should go up. But dunno why. Maybe takes sometime. in fact, a lot of people dissapointed and stuck there too.

Wah @collie, i trust u. gogogo.

@Pinky. Yea. Some takes years hor bro Calvin. I respect everyone here. We all have different thinking and preferences. Thats why human are all unique living beings.

Property counter is creeping up ....

Bro Calvin calls usually takes a beating only can go up. Let say, at least after 2 - 3 Q only will go up. Not bad tough. Haha

Pinky, I guess you gain a lot from UOA div. Good spot on bro.

Pinky clever, already cover up down right left. Uoa sells luxury properties? I thought to buy some mkland, simeprop, l&g to keep

Pinky, cheap bargains got - property counters. Sapu la ....

@auditorandconsultant - Thanks for sharing, appreciate your time and efforts very much. Keep posting here. Just ignore our pekebun sifu.

Thanks Collie, for analysis. Have a good weekend.

is it overbought? If this continue, will be on consolidation mode? Collie, you the chart expert!

Yes collie, I feel the same. Any idea on this?

I skeptical. Is he OK ar. Maybe due to pekebun been stalking him all this while.

Mbsb wor no joke man. Been on the slide since dunno when

Haha maybe, he is as good as kpmg

Good morning guys, oh ya. Forgotten about auditor. Let check him out

I follow you stay in garden OK. No more penthouse. No more bungalow.

OK sifu gardener, cut cut everything cut. what you buy? I follow you