Earnings Report /
Sri Lanka

Ceylon Tobacco: 1Q CY21 - Strong dividend play with a rebound in earnings

  • 4Q volumes recover QoQ; we expect double digit topline growth in CY21E

  • RM secured for CY21E & part CY22E; we expect GPM to be maintained

  • A strong dividend play with upside potential; we maintain TP of LKR 1,250

Asia Securities
26 May 2021
Published byAsia Securities

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