KUALA LUMPUR: AmResearch is maintaining its "Hold" call on British American Tobacco Malaysia Bhd (BAT) with a higher fair value of RM62.00 from RM56.60.
It said on Monday that BAT had announced the 30 sen rise on cigarettes per pack which would represent an increase of 3% to the rise in its operating expenses due to inflationary pressures as well as higher labour and raw material costs.
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