BAT says share price not reflective of its strength or quality

BAT graffic

PETALING JAYA: The country’s largest tobacco company, whose share price had seen a sharp fall in recent weeks, said its stock performance was not reflective of the company’s strength and quality, but rather the failure to tackle the rising illegal cigarette trade.

Once a favourite investors’ counter, to date British American Tobacco (M) Bhd’s (BAT) share price has fallen more than 80% from its historic closing high of RM74 back in 2014.