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