Based on the bad QR3, BAT was trading between 17 - 21 prior to the heavy sell down. With a turnaround in QR4 albeit marginal improvement, guess what will be the price range next week ?
Foreign funds has been selling with knowledge that BAT will be taken out from MSCI , since most of them already out time to get back rm24 .local funds are buying for long term
Based on report . Revenue can consider as stable because drop 10% in 2019 compare 2018. Operating expensee also reduced a lot from $70m to $50m which should be view as good cutting expenses action. Likely go up back to my cost at $15.50
Only one reason the funds sold out their share as low as 10.22 is not look good BAT future in Malaysia market.Our government collected highest Tax in the world is crazy policy
Special Dividend would have been possible if Government have managed to curtain the illicit smuggling (non-controllable by Management) rate to below 50%. I will definitely invest in a Company that have consistently shared approximately 90% of their profit with us via generous dividend payout. We can be certain that we will not be taken for a ride as their Corporate Governance Is Second To None.
No brainer investment. BAT main problem is illicit smuggling trade. Due to Covid-19, VMY 2020 focus will be a real challenge and Government need to re-focus and zoom in on shadow industres (ie. illicit smuggling trade) to achieve 2020 Revenue target.
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Panorama1
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Posted by Panorama1 > 2020-02-20 19:26 | Report Abuse
Based on the bad QR3, BAT was trading between 17 - 21 prior to the heavy sell down. With a turnaround in QR4 albeit marginal improvement, guess what will be the price range next week ?