Cov tswv lag luam tau muaj lub sijhawm nyuaj rau xyoo no, nrog kev nce nyiaj nce ntxiv thiab kev ntshai ntawm kev lag luam nyiaj txiag. Tab sis muaj ib txoj hauv kev los txo nws: cov khoom lag luam luam yeeb
Lub tuam txhab (ticker: IMB.UK) muaj peev xwm rov qab los tshaj 22% nyob rau 12 lub hlis tom ntej, qee cov kws tshuaj ntsuam hais. Nws ua lag luam luam yeeb hom xws li Winston, JPS, L&B, thiab Gauloises, thiab dov ntawv Rizla. Nws tseem tab tom tsim cov khoom lag luam tiam tom ntej, lossis NGPs, uas suav nrog cov khoom siv vaping thiab qhov ncauj nicotine.
Imperial Brands "yog nyob rau theem pib ntawm kev rov tsim kho kab lis kev cai ntawm kev ntseeg siab ntawm nws cov CEO tshiab," raws li tsab ntawv ceeb toom los ntawm RBC Capital Markets. Hauv lwm lo lus, kev lag luam ruaj khov thiab tsis zoo li yuav ua rau muaj kev poob siab.
RBC pom cov khoom lag luam mus rau 22 phaus sterling ib feem ($ 25.52), nce 17% los ntawm nws tus nqi tsis ntev los no ntawm £ 18.95. Ntxiv rau qhov ntawd, nws cov nyiaj faib tawm txhua xyoo yog kwv yees ntawm £ 1.40, lossis 7.4%. Qhov kev them nyiaj hnyav ntawd pab ua rau cov khoom lag luam txaus nyiam thaum lub sijhawm muaj kev kub ntxhov no.
Garrett Nelson, tus kws tshuaj ntsuam xyuas ntawm CFRA hauv Richmond, Va., hais tias qeb tag nrho muaj keeb kwm "tau yog ib qho kev lag luam uas tsis muaj zog tshaj plaws." Tseeb tiag, Imperial cov Tshuag tau nce 17% xyoo no. Nyob rau tib lub sij hawm, lub
FTSE 100
index, uas taug qab cov khoom lag luam loj tshaj plaws hauv UK, thiab cov
S&P 500
index, poob 3.2% thiab 17%, feem.
Cov khoom lag luam tseem pheej yig, ua lag luam ntawm 6.8 npaug ntawm cov nyiaj tau los rau pem hauv ntej, uas yog qis dua nws qhov nruab nrab tsib xyoos rau pem hauv ntej tus nqi / nyiaj tau los ntau ntawm 7.5, raws li Morningstar cov ntaub ntawv.
Yam tsawg kawg yog ib feem ntawm qhov laj thawj rau P/E qis yog tias ntau lub koom haum, tshwj xeeb tshaj yog cov uas ua raws li ib puag ncig, kev sib raug zoo, thiab kev tswj hwm kev lag luam, tsis kam yuav cov khoom luam yeeb. Qhov kev coj ua ntawd, uas tau dhau los ua ntau dua, txhais tau tias lawv cov nqi yuav zoo li pheej yig, txheeb ze rau kev lag luam dav.
Thaum kev haus luam yeeb poob qis hauv cov khw tsim khoom, xws li Asmeskas thiab Europe, qhov poob ntawm cov muag khoom yog ib feem raug cuam tshuam los ntawm cov nqi tsev siab dua thiab txiav nqi.
Steve Clayton, tus thawj saib xyuas nyiaj txiag ntawm UK-based HL Select hais tias "Tsev muag khoom tau poob qis hauv cov khw tsim khoom, hais txog cov naj npawb ntawm cov nplaum [luam yeeb] muag," "Xwb, lub tuam txhab tau tsom mus rau kev lag luam tsawg dua." Cov no suav nrog South America, Africa, thiab Asia.
NGP ntu tau qhia qee lub zog, nrog cov nyiaj tau los nce 8.7% hauv thawj ib nrab ntawm lub xyoo, piv rau 0.1% rau cov khoom lag luam luam yeeb. Hauv txhua cheeb tsam, cov nyiaj tau los ntawm kev haus luam yeeb dwarfs uas tsim los ntawm NGPs. Cov lus nug yog sai npaum li cas tom kawg yuav loj hlob thiab seb nws puas yuav zoo dua qhov kev poob qis hauv kev lag luam luam yeeb.
"Yog tias koj yog ib tus neeg lag luam luam yeeb, koj xav nrhiav kev lag luam uas tau txais txiaj ntsig zoo npaum li qhov ua tau kom cov nyiaj tau los ntawm kev lag luam ib txwm los txhawb kev loj hlob hauv kev lag luam tshiab," Clayton hais.
Imperial tsis yog tib qho kev xaiv haus luam yeeb rau cov tub ua lag luam hauv European cov khoom lag luam. Clayton taw tes rau
British American Tobacco
(BATS.UK) raws li lwm txoj hauv kev uas yuav haum rau cov tub ua lag luam ntev mus nrhiav kev loj hlob ntawm cov nyiaj faib nyiaj. British American lag luam hom xws li Lucky Strike, Camel, thiab Dunhill, txhua tus paub zoo hauv Asmeskas
Thiab BATS tab tom twv loj rau yav tom ntej ntawm cov khoom tshiab. “BAT muaj ib tug muaj zog portfolio ntawm cov khoom lag luam tiam tom ntej, "Clayton hais.
Kev lag luam tawm yog qhov qis dua. British American muaj kev npaj nyiaj faib tawm ntawm 6.3%, uas yog tsawg dua Imperial's. Nws kuj tseem muaj qhov siab dua P / E ntawm 9.5, piv rau imperials 6.8. Clayton hais tias "Koj tau txais txiaj ntsig qis dua, tab sis kev ntseeg siab ntau dua hauv kev loj hlob," Clayton hais.
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