BAT to benefit if nicotine vaping is regulated

UOB Kay Hian Research noted that the existing illegal nicotine vaping market is estimated to have a value of RM300mil in tax revenue for the government.

PETALING JAYA: The expected eventual introduction of regulations to legalise nicotine vaping, offers significant potential upside for British American Tobacco (Malaysia) Bhd’s (BAT) stock, according to UOB Kay Hian Research.

The research unit noted that the existing illegal nicotine vaping market is estimated to have a value of RM300mil in tax revenue for the government.