Cover Story: BAT Malaysia shows first profit growth since 2015
UNCERTAINTIES surrounding a potential new law to prohibit smoking and the sale of tobacco products to anyone born after 2005, in a move dubbed the “generational endgame”, may continue to weigh on British American Tobacco (Malaysia) Bhd (BAT Malaysia) in the short term, say analysts. Its share price has fallen 6% since Health Minister Khairy Jamaluddin announced on Feb 17 that the government was looking to implement this law in Malaysia. The stock closed at RM11.82 last Wednesday, giving the company a market capitalisation of RM3.37 billion.
Source: theedgemarkets.com