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KUALA LUMPUR: CIMB Equities Research is keeping its Reduce call on BAT due to its rich valuations. Its target price is RM28.51 compared with the last traded price of RM36.28.
TOBACCO companies have said there are reasons for introducing small cigarette packs in Malaysia.
GEORGE TOWN: More than a billion sticks of smuggled cigarettes worth RM86.74mil were seized in the country in the first three months of the year.
KUALA LUMPUR: The demand for cheap illegal cigarettes continues to yield good profits for retailers nationwide who blatantly disregard the risks of getting caught.
PETALING JAYA: Analysts expect a moderate hike in tobacco excise duty but the brewery sector may be spared any tax increases in the upcoming Budget 2012 which will be tabled on Friday.
British American Tobacco (M) Bhd (BAT) is still optimistic of growth despite tightening tobacco legislations, high level of illicit tobacco trade and inflationary pressures.
IN 2005, interest will centre on the consumer sector, which has been going strong for a number of years now.Today we bring you comments by Nestle (M) Bhd managing director Sullivan O'Carroll, British American Tobacco (M) Bhd managing director Andrew Gray and Theo de Rond, managing director of Guinness Anchor Bhd.