BATMF - British American Tobacco Malaysia: Inexpensive But Headwinds Could Persist
Elevator Pitch
Malaysia-listed and a 50%-owned subsidiary of British American Tobacco Plc (BTI), British American Tobacco Malaysia (OTC:BATMF) [ROTH:MK] or BAT Malaysia, is a manufacturer and distributor of cigarettes, with a portfolio of brands including, but not limited to, Dunhill, Kent, Peter Stuyvesant, Pall Mall, and Rothmans. It is the market leader in the Malaysian legal cigarette industry with a 54.8% market share as of end-June 2019.
BAT Malaysia's revenue is expected to remain weak for the foreseeable future with structural headwinds associated with threats from illegal cigarettes and cigarette substitutes