2022-04-29 오전 4:00:04
** The U.S. FDA on Thursday issues a proposal to ban menthol cigarettes and flavored cigars, a move that could knock sales at tobacco firms (Full Story)
** Brokerage Jefferies, however, says a menthol ban is likely, but it is "still years away"; does not see a ban happening until 2026 at earliest
** "We think a flavored cigar ban is likely to come sooner, by mid-2024" - Jefferies
** There is little impact on nicotine volumes, Jefferies notes, saying menthol bans in both Canada and the EU shows very few smokers quit nicotine
** Says British America Tobacco BATS.L, despite its menthol exposure, is better placed than one would expect and its share price could take a hit of just 12%
** For Altria Group MO.N, a menthol ban provides more incentive to take control of e-cigarette maker Juul, a move that could materially lessen the downside
** MO acquired a 35% stake in Juul in 2018
(Reporting by Deborah Sophia in Bengaluru)
(( DeborahMary.Sophia@thomsonreuters.com ;))
(c) Copyright Thomson Reuters 2022. Click For Restrictions - https://agency.reuters.com/en/copyright.html