Pahang state also hard to ban vape... Not easy, next quarter if revenue maintain n PAT also above 550/600 mil, BAT worth 8.90-9.00 or even higher. For Mr Diy which being pushed up by funds n research houses high TP, is more risky than BAT, fundamental analysis viewpoint, MrDIY should go down below 1.70, if profits continue to fall, 1.70 also overvalued quite a lot.
those they ban are all small shops that opened illegally without proper permit....but bat malaysia are license by govt to sell cig or vapes....so they r not affected....in actual fact , it is even better for them...
problem is all these illegal shops tend to sell to minors.....all since law gazetted under tobacco act 852...officially 1st Oct govt can enforced the law...meaning govt can close the shop if suspected of selling to minors...is a highly regulated business...only bat malaysia can sell...bcoz they r compliant with the law....also these illegal shops doesnt pay any taxes or duties.....
Made "Heat-not-Burn" equipment Tax free to encourage smoker ( tobacco ) to switch to less toxic smoking like what happen in Japan ( almost 50% japanese has switched to HnB to enjoy traditional Cig smoking )
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Income
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C you in Heaven.