Stock Name: BAT
Company Name: BRITISH AMERICAN TOBACCO (M)
British American Tobacco; Hold; RM52.30
Price Target: RM46.60; ROTH MK
4Q11 earnings were within expectation; declares 4th interim dividend of 66sen per share. Challenging FY12 outlook due to high illicit trade and shrinking market size. Maintain Hold for yields.
Source: HwangDBS Research 17 Feb 2012
Company Name: BRITISH AMERICAN TOBACCO (M)
| Research House: HWANGDBS | Price Call: HOLD | Target Price: 46.60 |
British American Tobacco; Hold; RM52.30
Price Target: RM46.60; ROTH MK
4Q11 earnings were within expectation; declares 4th interim dividend of 66sen per share. Challenging FY12 outlook due to high illicit trade and shrinking market size. Maintain Hold for yields.
Source: HwangDBS Research 17 Feb 2012
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