Market Wrap - Stock pick — BAT
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Nancy Bambo from Momentum Securities chose British American Tobacco as her stock pick of the day.
"My stock at the moment is British American Tobacco, we still see some potential upside in the company. They still have strong margins it has deleveraged over the past two years which is part of management's strategy. The CDC has mentioned that the health scare that has happened in the US was due to the illicit trade and not necessarily their vape products that so that's a positive for them. Also they are expecting revenue from the US to be up by about 3%-5% and the US is quite a big portion of their revenue."
"My stock at the moment is British American Tobacco, we still see some potential upside in the company. They still have strong margins it has deleveraged over the past two years which is part of management's strategy. The CDC has mentioned that the health scare that has happened in the US was due to the illicit trade and not necessarily their vape products that so that's a positive for them. Also they are expecting revenue from the US to be up by about 3%-5% and the US is quite a big portion of their revenue."
