Tobacco bill delay slows BAT's vape entry

KUALA LUMPUR: There is an uncertain outlook for British American Tobacco (M) Bhd (BAT) as a delay in the launching of its vape products (VUSE) could have a negative impact on its prospects.

Hong Leong Investment Bank (HLIB) Research reported that a delay in the passage of the tobacco bill to the next parliamentary session in October will further postpone BAT's entry into the vape space.