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BATMF - British American Tobacco Malaysia: Coronavirus Pandemic Adds To Company's Woes
British American Tobacco
Elevator Pitch
I maintain my Bearish rating on Malaysia-listed cigarette manufacturer and distributor British American Tobacco Malaysia (OTC:BATMF) [ROTH:MK], or BAT Malaysia.
This is an update of my prior article on BAT Malaysia published on March 3, 2020. BAT Malaysia's share price has declined by -11% from RM12.36 as of March 2, 2020 to RM10.94 as of June 11, 2020 since my last update. BAT Malaysia trades at 9.1 times consensus forward next twelve months' P/E, which represents a discount to its historical three-year and five-year mean consensus forward next twelve months' P/E