Meanwhile, CGS-CIMB Research, who has retained "add" call with unchanged target price of RM14.81, expects BAT to deliver a dividend yield of 7.8% (DPS: RM1.03) for FY20, 7.6% (DPS: RM1.01) for FY21 and 6.8% (DPS: 90sen) for FY22.
Despite BAT's core net profit missing CGS-CIMB Research's FY20 estimates, it expects sales to normalise in the subsequent quarters with the easing of lockdown restrictions.
CGS-CIMB Research also expects the group's fixed costs to trend lower following the headcount rationalisation exercise completed in March this year and suspension of marketing activities.
MIDF Research, which has maintained a "buy" call and revised lower its target price to RM15.70, from RM16 previously, said despite the industry headwinds persisting in the foreseeable future, the research house applauded BAT's restructuring exercises which it said will show positive results when the business environment improves.
Also, MIDF Research said BAT's dividend yield is still attractive. It anticipates BAT to deliver a dividend yield of 7.5% (DPS: 99.5 sen) for FY20, 8.3% (DPS: 110.2 sen) for FY21 and 9.1% (DPS: 121.6 sen) for FY22.
Bat today is under short sellers attacking believe many from brokers firms involved ,if bat suspended later before the market close many short sellers will get into trouble when it limit up when re-open
This book is the result of the author's many years of experience and observation throughout his 26 years in the stockbroking industry. It was written for general public to learn to invest based on facts and not on fantasies or hearsay....
mf
29,216 posts
Posted by mf > 2020-05-22 14:14 |
Post removed.Why?