Dear all,
It was pleasure to able to speak before you and I congratulate you for taking the time off from your busy schedule, to come and listen to our talk by Bill & Martin .
In our talk, we cover many topics
Buy if it take out the high Rm4.82 and put your stop loss @ rm4.43.
Disclaimer:
What’s on the table
Results – British American Tobacco 2QFY10 in line – Boxed in by ban on small packs
Although BAT’s annualised 1H10 core net profit was 5% ahead of our and consensus estimates, we view it as being broadly within expectations. This is because 2H is likely to be weaker due to the ban on higher-margin small packs. 1H revenue rose a marginal 2% yoy as higher cigarette pricing more than compensated for the sales volume slippage. But higher costs led to a 6% yoy drop in 1H pretax profits. Although several positive
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It came to me as I was reading the news headlines “China is now World’s No.1 Energy Users”. It’s estimated that China alone wud consumed 2.25 bil tonnes of oil equivalent of energy in 2009. That’s an equivalent 28-30 times more energy per capita when compared to Malaysia. As I speak of now, global demand for oil is growing week by week. Read the rest of this entry →
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