WATCH: Stock pick — British American Tobacco
Imtiaz Suliman from Sentio Capital chose British American Tobacco (BAT) as his stock pick of the day.
The share has come under a lot of pressure since November 2018, when the US announced it would consider banning menthol cigarettes.
“I think it has priced in a complete loss of that portion of the business, which is quite punitive. These regulations take quite some time to come through before they are fully implemented. It could be a period of seven, maybe 10, years so I think it’s trading at a good dividend yield, and with a price-earnings ratio of 10.”
Imtiaz Suliman from Sentio Capital talks to Business Day TV about BAT, his stock pick of the day
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