BAT sales growth likely to continue in 2H

KUALA LUMPUR: British American Tobacco (Malaysia) Bhd's industry volumes are expected to grow in the second half of the year amid easing lockdown measures and as the authorities clamp down on illicit cigarette sales.

"Moving into the second half of the year, Budget 2021 looks like a positive one for BAT as industry volumes continue to gain traction on stringent measures imposed to curb rampant contraband cigarettes," said Kenanga Research.