BAT (4162) : BAT Malaysia technical analysis
I've been talking about BAT Malaysia a few times before. It should do alright in spite of tax hikes.
Now,
lets take a look at the technical picture of BAT Malaysia. The chart
is relatively simple to analyze. There is one huge consolidation period
and a breakout in 2012. The breakout at RM 52 per share has been tried
3 times since the beginning of the red trend line in 2012. All four
times it has seen ready buyers to come in.
It's on an uptrend for sure.
For me, I'm not sure what strategy the tobacco companies could come up for revenue growth to warrant the uptrend. Perhaps they may pursue a strategy of bringing in a wide variety of brands just like Carlsberg and Tiger did. The beer companies have brought in a wide variety of brands: Asahi, Paulaner, Hoegarden, etc and saw their revenue stream take off. Tobacco could do the same by bringing in speciality cigar or cigarette producers with unique and interesting tastes.
Of course I don't really smoke, and don't really have knowledge, so I'd have to defer to more expert people on the subject.
Bursa monitor
http://bursamonitor.blogspot.com
I've been talking about BAT Malaysia a few times before. It should do alright in spite of tax hikes.
Now,
lets take a look at the technical picture of BAT Malaysia. The chart
is relatively simple to analyze. There is one huge consolidation period
and a breakout in 2012. The breakout at RM 52 per share has been tried
3 times since the beginning of the red trend line in 2012. All four
times it has seen ready buyers to come in.It's on an uptrend for sure.
For me, I'm not sure what strategy the tobacco companies could come up for revenue growth to warrant the uptrend. Perhaps they may pursue a strategy of bringing in a wide variety of brands just like Carlsberg and Tiger did. The beer companies have brought in a wide variety of brands: Asahi, Paulaner, Hoegarden, etc and saw their revenue stream take off. Tobacco could do the same by bringing in speciality cigar or cigarette producers with unique and interesting tastes.
Of course I don't really smoke, and don't really have knowledge, so I'd have to defer to more expert people on the subject.
Bursa monitor
http://bursamonitor.blogspot.com
