Delay in vape product launch to affect BAT

PETALING JAYA: The Control of Smoking Products for Public Health Bill 2023 is a key factor to watch out for in British American Tobacco (M) Bhd’s (BAT) earnings growth in the near term.

Hong Leong Investment Bank (HLIB) Research said for the second quarter of 2023 (2Q23), BAT’s core profit after tax (PAT) of RM48.8mil brought the first half of 2023’s sum to RM89.5mil.