[New post] CIMB: British American Tobacco – Reduce TP RM8.77

alanyeo posted: " Sales and margins contracted again ■ BAT's 1Q22 core net profit made up 21% of our FY22F forecast. It was belowour expectation because the effective tax rate was higher than expected.■ We believe the group will once again face the yoy sales decline se" Alpha Edge Investing CIMB: British American Tobacco – Reduce TP RM8.77 alanyeo May 31 Sales and margins contracted again ■ BAT's 1Q22 core net profit made up 21% of our FY22F forecast. It was belowour expectation because the effective tax rate was higher than expected.■ We believe the group will once again face the yoy sales decline seen beforethe pandemic's emergence, although not to the extent of 1Q22's 7.9% […] Read more of this post Comment Unsubscribe to no longer receive posts from Alpha Edge Investing. Change your email settings at manage subscriptions. Trouble clicking? Copy and paste this URL into your browser: https://alphaedgeinvesting.com/2022/05/31/cimb-british-american-tobacco-reduce-tp-rm8-77/ Powered by WordPress.com