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home / news releases / JAPAF - Japan Tobacco: Staying Bullish On Better-Than-Expected Q1 Results

JAPAF - Japan Tobacco: Staying Bullish On Better-Than-Expected Q1 Results

Japan Tobacco

2024-05-12 10:38:29 ET

Summary

  • Japan Tobacco's Q1 2024 results surpassed expectations, which has favorable read-throughs for its full-year prospects.
  • The company's Heated Tobacco Sticks product, Ploom X, has gained market share rapidly in new markets like the Czech Republic.
  • I see no reasons to change my existing Buy rating for Japan Tobacco, taking into consideration its first quarter results beat and unchanged 2024 guidance.

Elevator Pitch

My rating for Japan Tobacco Inc. ( OTCPK:JAPAY ) ( OTCPK:JAPAF ) [2914:JP] stock is a Buy....

For further details see:

Japan Tobacco: Staying Bullish On Better-Than-Expected Q1 Results
Stock Information
Company Name: Japan Tobacco
Stock Symbol: JAPAF
Market: OTC
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