KUALA LUMPUR: Maybank Research is sticking with its Sell call on British American Tobacco
(BAT) but is revising the target price upwards to RM55 from RM52 for the stock, currently trading at around RM60.80 an hour.
It said the first-half results were moderate and within expectations, and the second interim dividend of 68 sen per share was a +5% year-on-year and represented a payout of 93.5%.
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