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KUALA LUMPUR: Cigarette maker British American Tobacco (M) Bhd’s net profit for the second quarter ended June 30, 2021, was higher at RM71.62mil, from RM54.61mil a year ago driven by domestic volume growth.
KUALA LUMPUR: Cigarette maker British American Tobacco (M) Bhd said profit from operations in the second quarter expanded by 23% driven by improvement in domestic sales volume.
THE extended lockdowns are already causing big challenges to exporters, on top of that, the cost to ship containers has skyrocketed, possibly pushing out exporters of low cost items.
KUALA LUMPUR: Blue chips perked up in early trade on Thursday, the start to the third quarter of the year, with CIMB underpinning the FBM KLCI’s early advance but the broader market was mixed.
PETALING JAYA: British American Tobacco (M) Bhd (BAT) is in a better position to face the uncertainties caused by the current lockdown although its outlook remains challenging.
KUALA LUMPUR: JF Apex Research expects Axiata Group Bhd, RHB Bank Bhd, ViTrox Corp Bhd and Serba Dinamik Holdings Bhd to be among the stocks to watch on Tuesday.
KUALA LUMPUR: Kenanga Research upgraded British American Tobacco (M) Bhd (BAT) to "market perform" on the back of progress from measures introduced in Budget 2021 to control contrabands.
Shares of Serba Dinamik hit limit-down in early Monday trade when it resumed trading after a two-day voluntary halt and it affected the broader market sentiment.
Blue chips slipped in early Tuesday trade, as the mild rebound deflated despite stronger first quarter corporate earnings as investors worried about the record deaths and infections from the Covid-19.
KUALA LUMPUR: Bursa Malaysia was broadly higher in early Monday trade, with consumer stocks staging a recovery while overall market sentiment was more positive about the government’s latest restricted measures to curb the spread of the Covid-19 pandemic.