Monday, October 4, 2010

British American Tobacco Berhad : Surprise Cigarette Price Hike - 04/10/2010

♦ Premium 20-stick pack now RM10. Cigarette prices today were raised to
RM10 per pack for the premium pack and RM8.50 for the VFM pack, an
increase of 3.5 sen/stick. This effectively raises the prices by 7.5-9% from
RM9.30 and RM7.80 previously for the premium and VFM pack respectively.
This increase was unexpected in terms of quantum and timing. We had
previously anticipated a slight increase in excise duty of ~5% per stick
(increasing cigarette prices to RM9.50 per pack for the premium), to be
tabled at the upcoming Budget 2011.

British American Tobacco Berhad : Surprise Cigarette Price Hike - 04/10/2010

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