BATMF - British American Tobacco Malaysia: Waiting For Positive Change
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 brands such as Dunhill, Kent, Peter Stuyvesant, Pall Mall, and Rothmans. The company has a 54.7% market share of the Malaysian legal cigarette market as of end-September 2019.
BAT Malaysia trades at 14.7 times consensus forward P/E, representing a significant discount to the stock's historical five-year average forward P/E of approximately 24 times. It also offers a consensus forward FY2020 dividend