A director at British American Tobacco bought 3,275 shares at 3,200p and the significance rating of the trade was 62/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years ...
Summary US Smokeless Tobacco Co - Company Profile and SWOT Analysis, is a source of comprehensive company data and information. The report covers the company's structure, operation, SWOT analysis, product and service offerings and corporate actions, providing a 360˚ view of the company. Key Highlights US Smokeless Tobacco Co (USSTC), a subsidiary of Altria Group, Inc, produces, markets and sells moist smokeless tobacco products. The company's smokeless product portfolio comprises premium bran...
GREATER CHINA Strategy Hong Kong Developers And Hong Kong Landlords: Takeaways of 2024 Hong Kong Policy Address. INDONESIA Strategy New Cabinet Members For 2024-29: Our top picks: ASII, NCKL, BBNI, BBTN, BSDE, CTRA, BBYB, SIDO, CMRY, and ACES. We have an end-24 target of 8,000 for the JCI. MALAYSIA Update British American Tobacco (ROTH MK/HOLD/RM7.50/Target: RM6.93): Cloudy outlook amid downtrading and regulatory navigation. SP Setia (SPSB MK/BUY/RM1.31/Target: RM1.95): Battersea worries fade:...
GREATER CHINA Sector Hong Kong Property: CCL Index stabilises in Jan 24; channel checks on implementation of easing measures on non-PR buyers. INDONESIA Update Bumi Serpong Damai (BSDE IJ/BUY/Rp1,035/Target: Rp1,420): Growing elegantly with solid marketing sales. United Tractors (UNTR IJ/SELL/Rp22,800/Target: Rp20,000): Small downward adjustment to Pama’s fees could impact 2024 NPAT. MALAYSIA Results British American Tobacco (ROTH MK/BUY/RM9.08/Target: RM10.40): 4Q23: Results met expectation...
GREATER CHINA Strategy Small-Mid Cap Biweekly: Pet food exports on track for recovery; beneficiary: Yantai China Pet Food. Results BYD Company (1211 HK/BUY/HK$246.20/Target: HK$630.00): 3Q23: Earnings up 82% yoy and 53% qoq, in line. Maintain BUY. Target price: HK$630.00. China Construction Bank (939 HK/BUY/HK$4.48/Target: HK$6.00): 3Q23: Results in line; earnings up 2.6% on lower credit costs. China Merchants Bank Co. (3968 HK/BUY/HK$30.30/Target: HK$45.00): 3Q23: Results miss; longer wait need...
There are near-term headwinds as regional markets grapple with higher interest rates and bond yields. Growth in ASEAN is supported by a shift of supply chain to ASEAN. BUY reopening plays CLAS (Target: S$1.39), MAHB (Target: RM7.53) and RFMD (Target: S$1.90). BUY defensive consumer staples BAT (Target: RM14.40), CPALL (Target: Bt78), KLBF (Target: Rp2,400) and OR (Target: Bt29.00). BUY yield plays BMRI (Target: Rp5,750), OCBC (Target: S$17.50) and SCB (Target: Bt244).
GREATER CHINA Results Tencent Holdings (700 HK/BUY/HK$342.80/Target: HK$435.00): 1Q23: Strong online game and ad recovery; accelerating earnings growth. MALAYSIA Results SP Setia (SPSB MK/BUY/RM0.62/Target: RM0.82): 1Q23: Within expectations. On track to achieve full-year sales target of RM4.2b, supported by resilient local demand and higher contributions from projects in Australia. Update British American Tobacco (ROTH MK/BUY/RM10.82/Target: RM16.05): On the cusp of launching its nicotine vapi...
Economic growth has slowed but interest rates have peaked. Tighter credit conditions caused by the mini banking crisis in the US and Europe could moderate inflation. Growth in ASEAN is supported by China’s reopening. BUY reopening plays CLAS (Target: S$1.39), GENM (Target: RM3.50) and MLT (Target: S$1.99). BUY energy plays PTTEP (Target: Bt174), SCI (Target: S$4.64) and YNS (Target: RM3.95). BUY defensive consumer staples BAT (Target: RM16.05), CPALL (Target: Bt78), HMSP (Target: Rp1,700) and KL...
GREATER CHINA Economics Trade: Zero-COVID policy further threatens key growth engine. Sector Automobile: Weekly: COVID-19 containment measures disrupted auto supply chain more severely than expected. Maintain OVERWEIGHT. Top picks: BYD, CATL and Ganfeng. INDONESIA Results Mitra Adiperkasa (MAPI IJ/BUY/Rp890/Target: Rp1,100): 4Q21: Significantly above expectations with the highest quarterly profit in the past five years. MALAYSIA Sector Oil & Gas: Pressures on Japan to consider substituting Rus...
GREATER CHINA Sector Automobile: Weekly: Sales reined in by resurgence of COVID-19 cases in 10-16 Jan 22. Maintain OVERWEIGHT. Top picks: BYD, CATL, Ganfeng, Xusheng and Nexteer. Banking: Key lending rate reduced; asset quality remains the key concern. Internet: Eyes on the big picture for China’s digital economy. INDONESIA Update Waskita Karya (WSKT IJ/BUY/Rp580/Target: Rp990): Recovery story with a healthier balance sheet and high-quality project profile. MALAYSIA Results Sentral REIT (SENTR...
BRITISH AMERICAN TOBACCO (GB), a company active in the Tobacco industry, reduced its market risk and raised its general evaluation. The independent financial analyst theScreener awarded an improved star rating to the company, which now shows 3 out of 4 possible stars; its market behaviour has improved and can be considered as defensive. theScreener believes that this new assessment merits an overall rating upgrade to Slightly Positive. As of the analysis date December 3, 2021, the closing price ...
GREATER CHINA Economics Inflation: Broad-based inflationary pressure stokes policy dilemma. Money Supply: Credit growth shows hints of policy support. Results Link REIT (823 HK/BUY/HK$70.40/Target: HK$85.10): 1HFY22: In line with expectations; M&A momentum to support growth trend. Tencent Holdings (700 HK/BUY/HK$483.60/Target: HK$557.00): 3Q21: Commendable results despite challenging environment. INDONESIA Results XL Axiata (EXCL IJ/BUY/Rp3,030/Target: Rp3,900): 3Q21: EBITDA in line with expect...
GREATER CHINA Sector Automobile: Weekly: September PV sales up 8.9% mom as the chip shortage eased, in line. Maintain MARKET WEIGHT. Top picks: BYD, CATL, Zhongsheng and Yongda. INDONESIA Asian Gems Conference Highlights Bank Mandiri (BMRI IJ/BUY/Rp7,000/Target: Rp8,350): Net income to rise by 28% yoy in 2022. MALAYSIA Asian Gems Corporate Highlights British American Tobacco (ROTH MK/BUY/RM13.90/Target: RM17.20): BAT’s prospects appear promising. Nicotine vaping regulation in 2022 paves the wa...
GREATER CHINA Results Trip.com (TCOM US/BUY/US$29.07/Target: US$38.00): 2Q21: Steady recovery in 2Q21 with 2H21 marred by domestic COVID-19 cases. INDONESIA Sector Cement: Industry conditions remain uncertain. Reopening of economy could become short-term catalyst. Maintain MARKET WEIGHT. MALAYSIA Results VS Industry (VSI MK/BUY/RM1.70/Target: RM1.86): FY21: A record-breaking profit year. VS continues to shine with its ability to drive record earnings and stands out among peers as the clear wi...
Full Article at IIR has reaffirmed its Recommended rating for PIA after undertaking a review post the appointment of a new Portfolio Manager, Harding Loevner. The full report can be found on the IIR website. On 26 July 2021, Pengana International Equities Limited (PIA) announced a fully franked dividend of 1.35 cents per share for the June quarter. This represents an 8% increase on the March quarter dividend and takes the total dividends declared for FY21 of 5.1 cents per share, fully franked....
GREATER CHINA Sector Property Management: Sector valuations now attractive; no earnings disappointment expected. Update Nayuki Holdings (2150 HK/Not Rated/HK$13.84): Nayuki PRO Teahouse to drive growth. INDONESIA Results Unilever Indonesia (UNVR IJ/BUY/Rp4,800/Target: Rp5,600): 2Q21: Below expectations as margin contracted in the HPC segment. MALAYSIA Sector Consumer: We foresee limited downside from the MCO-routed quarter. Instead, the sector is likely to be catalysed as the economy reopens. ...
GREATER CHINA Economics PMI: A mixed bag despite stable headline. Update China Shineway Pharmaceutical (2877 HK/BUY/HK$8.44/Target: HK$11.80): Embracing market expansion opportunities. Maintain BUY with a higher target price of HK$11.80. MALAYSIA Results British American Tobacco (ROTH MK/HOLD/RM15.76/Target: RM15.30): 1Q21: Results within expectations. Convincing volume growth thanks to the transshipment regulation implemented. Downgrade to HOLD given its impressive run. CIMB Group (CIMB MK/BUY...
GREATER CHINA Sector Automobile: Weekly: Chip shortage and raw material price hikes to hit earnings from 2Q21. Maintain MARKET WEIGHT. Top picks: BYD, CATL, Minth and Zhongsheng. Coal: Expecting upbeat 1Q21 results amid a strong market. Upgrade to MARKET WEIGHT. Property: Strength in home market could be sustained in 2Q21 as >9,000 units could be launched. Update Jiumaojiu International Holdings (9922 HK/BUY/HK$31.00/Target: HK$35.10): Key takeaways from conference call with Jiumaojiu. INDONESI...
GREATER CHINA Economics Inflation: Core CPI inflation turns negative; risks of margin deterioration remain. INDONESIA Update Sido Muncul (SIDO IJ/HOLD/Rp770/Target: Rp850): 27.3% yoy EPS growth in 2021. Upgrade to BUY. MALAYSIA Sector Plantation: Malaysia palm oil inventory came in slightly above market expectation, but still remains tight. Results British American Tobacco (ROTH MK/HOLD/RM13.16/Target: RM14.10): 4Q20: Above expectations on the back of better product mix and leaner opex. Valuat...
Budget Malaysia 2021: Steering Out Of Recession The significantly expansionary Budget 2021 is market neutral. Despite a 38% surge in development expenditures to a record high, construction stocks’ reaction were only mildly positive, perhaps reflecting scepticism of the pace of mega projects’ rollouts. There is positive read on glove producers (no windfall tax), BAT (measures to combat contraband) and NFOs (no duty or fee hike). Our top picks continue to be reopening plays, trade diversion benefi...
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