Malaysia: BAT downgraded to Hold, higher selling price to impact sales
KUALA LUMPUR: CGS-CIMB is negative on British American Tobacco Bhd’s (BAT) decision to raise its selling prices by 50 sen per pack post SST, as it expects a negative impact on sales volume. “We are negative on the retail price increase, given the historical drop in BAT’s sales volume after previous rounds of retail price hikes. “We […]
Read More