Positive times ahead for BAT

TA Securities noted that the government’s holistic approach to tackle illicit cigarette trade, alongside the move to legalise and regulate vape products could lead to a turnaround in the Malaysian legal tobacco market.

PETALING JAYA: British American Tobacco Malaysia Bhd (BAT) is set to see improved earnings in 2021 and 2022, backed by higher sales volume of cigarettes.

TA Securities in a report yesterday said it is increasing BAT’s 2021 and 2022 earnings forecast by 3.5% and 7.6% respectively, in anticipation of better sales performance.