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Strict tobacco rules blight BAT outlook

THE BRITISH AMERICAN TOBACCO (BAT) KENYA INDUSTRIAL AREA PLANT IN NAIROBI. FILE PHOTO | NMG 

By  Charles Mwaniki

Business Reporter

Nation Media Group

Stricter tobacco regulations are set to slow revenue growth for tobacco firms, souring the outlook for the stock of listed manufacturer BAT #ticker:BAT.

Genghis analyst Gerald Muriuki says in a coverage note on the East African tobacco industry that the stock now retains a downside (minus) of 16.7 per cent on its current trading price of Sh800.

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