Investment Idea: British American Tobacco скачать в хорошем качестве

Investment Idea: British American Tobacco

• British American Tobacco (BTI), headquartered in London, is a multinational company that manufactures and sells cigarettes, tobacco and other nicotine products. • On 11 February 2022, BTI released its FY21 results. • Some of the most important aspects were strong growth in next generation products (NGP) volumes and revenue, good progress in tobacco heated products (THP) and cigarette volume recovery in emerging markets. • The group's non-combustibles segment indicates long-term growth but at regulatory risk. • BTI is a solid and consistently growing dividend payer. • Our research has led to us maintaining our buy recommendation. • We found that the counter has a potential upside of 23.5% to our intrinsic value of R751.4. • However, we note the Russia and Ukraine tensions as a downside risk. • For more information about this counter, please contact your PSG Wealth adviser.