KUALA LUMPUR: CIMB Equities Research is maintaining its Reduce call on British American Tobacco (M) Bhd
(BAT) with a target price of RM58.10, which is 12.9% below the last traded price of RM66.72.
It said on Friday BAT’s 9MFY14 net profit came in at 78.3% of its full-year forecast and 79% of consensus.
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