BAT better prepared to deal with lockdown

From a recent BAT virtual analyst briefing, TA Securities feels the company is better prepared for MCO 3.0

PETALING JAYA: British American Tobacco (M) Bhd (BAT) is in a better position to face the uncertainties caused by the current lockdown although its outlook remains challenging.

The cigarette maker’s domestic manufacturing and distribution activities were halted from June 1 to June 14. This time around, the group is better prepared as it has maintained a higher amount of inventory to deal with such uncertainties and is able to fully replenish stocks in trade prior to the commencement of the MCO 3.0.