Awareness and support for New Zealand’s Smokefree 2025 goal and key measures to achieve it -... ITC Malaysia (MYS) | Wave 1 (2020) | Technical Report | Jul 2020, International Tobacco Control (ITC) Policy Evaluation ProjectDepartment of PsychologyUniversity of Waterloo200 University Avenue WestWaterloo, Ontario, N2L 3G1 Canada, Email: email@example.comPhone: +1 519-888-4567 ext. To cancel, communicate from your registered email id and send the mail with the request to, Access Exclusive content - articles, features & opinion pieces, Weekly Industry/Genre specific newsletters - Choose multiple industries/genres, Access to 17 plus years of content archives, Set Stock price alerts for your portfolio and watch list and get them delivered to your e-mail box, End of day news alerts on 5 companies (via email). Unlimited access to all content on any device through browser or app. Limited in 1974. After a hiatus of over a month, ITC has resumed cigarette production and distribution, which is expected to ease the shortage of cigarettes in the market. Earnings helped by FMCG sales but this segment may drive stock prices higher, Copyright © We believe in free, fair and credible journalism. New Delhi Get live Stock Prices from BSE, NSE, US Market and latest NAV, portfolio of Mutual Funds, calculate your tax by Income Tax Calculator, know market’s Top Gainers, Top Losers & Best Equity Funds. Kindly visit the Manage my subscription page to discover the benefits of this programme. Copyrights © 2020 Business Standard Private Ltd. All rights reserved. To fund this growth, CLSA says, ITC’s cigarette segment will pitch in. Pricewatch, Tobacco Premium cigarettes price comparison – Pricewatch. Find out how retailers are pricing the category . Your support through more subscriptions can help us practise the journalism to which we are committed. Costs of vaping: Evidence from ITC Four Country Smoking and Vaping Survey. As a premium subscriber you get an across device unfettered access to a range of services which include: Welcome to the premium services of Business Standard brought to you courtesy FIS. “Valuations at 6.5x FY22 implied PE for the cigarettes business are now one of the lowest globally (a 30% discount to the global peer average),” the report said. Click here to join our channel and stay updated with the latest Biz news and updates. 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CLSA believes that FMCG business of ITC is set for accelerated growth, mainly in foods, which make up 81% of the segment. Shares of the cigarette-to-hospitality giant have disappointed shareholders since June this year, clocking in a 13% fall in the share price while the benchmark S&P BSE Sensex has gained over 20% in the same period. Premium cigarettes is a category not to be overlooked. Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Stocks of other cigarette and tobacco manufacturers also declined in trade. Investors tempted to bottom-fish would want to consider the following factors before scampering to buy into the ITC stock, which has proved to be a value trap in recent years. “Despite multiple headwinds, the cigarette business has maintained strong free cash flow generation which should continue to help the FMCG business meet its goals,” they added. CLSA expects ITC’s FMCG business to deliver about 30% Ebitda growth by 2023. Enjoy Reading! Unlimited access to all the content on any device through browser or app. The ITC Project is conducting the first international cohort study of e-cigarettes and vaping in Canada, US, England, and Australia. Digital Editor. This product is a monthly auto renewal product. No need to submit original bill of car or any item for LTC scheme, Football legend Maradona dies of heart attack at 60, Lakshmi Vilas Bank's moratorium ends on 27 November; customers will shift to DBS Bank, Kerala, West Bengal join league of states choosing Centre’s Option-1 to meet GST implementation shortfall, Unacademy's valuation soars to $2 billion with latest investment from Tiger Global, Dragoneer, ITC shares fall after Q2 results; cigarette volumes still to recover, FMCG sales thrive, Stocks in focus: RIL, Future Retail, ITC, Vedanta, JK Cement, IRCON International, Lakshmi Vilas Bank, Stocks in focus: Nestle, Tech Mahindra, SBI, Yes Bank, Mahindra Finance, ITC, United Spirits, ITC shares buy or sell? Last Updated at February 5, 2020 14:43 IST.