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16-11-2014, 09:50 AM
Do u know why the extension was for a miserable one year only?
(16-11-2014, 01:26 AM)BaCONFTW Wrote: http://infopub.sgx.com/FileOpen/20141113...eID=324522
I think not all is lost for new toyo. Their subsidiary just announced an extension of supply agreement of one year with BAT. More details at the sgx announcement.
Was also reading BAT's AR for 2013 where they seem to see rising tobacco sales in asia-pacific. In general, smokers are decreasing in numbers in developed countries, but asia-pac doesn't really count as developed except maybe singapore. In any case, even if tobacco industry does go down, then NT mgt will need to search for new revenue streams for their pcl business (which is probably the more profitable biz). I am cautiously optimistic that they can do it since its a matter of finding the contracts. NT's revenue has actually increased yoy which kinda suggests to me that they are adept in doing so. The problem now is to keep cogs under control or just find more profitable contracts.
(Vested)
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