KUALA LUMPUR: CIMB Equities Research remains Neutral on the outlook for British American Tobacco
(BAT), which is due to announce its second quarter results on Thursday.
CIMB Research said on Thursday its dividend discount model-based target priced was reduced to RM62.30 (from RM64.60) after it revised its weighted average cost of capital (WACC) assumptions from 6.4% to 6.5%.
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