BAT near-term earnings outlook still challenging

Analysts have lowered their earnings projections for BAT for this year and next.

PETALING JAYA: British American Tobacco (M) Bhd’s (BAT) earnings outlook in the near term remains challenging amid the lack of robust income streams from new segments to fill the void left by the combustible cigarette segment.

At the same time, while its vapour product Vuse would be a potential revenue growth driver for the tobacco company going forward, the costs of growing the brand may impact its margins in the near term.