Japan Tobacco: Weak 2024 Outlook Disappoints, But Ploom X Could Be A Winner [Seeking Alpha]
JAPAN TOBACCO UNSP/ADR (JAPAY)
NASDAQ:AMEX Investor Relations:
gungho.co.jp/en/ir
Company Research
Source: Seeking Alpha
Its recent results are good, but the profit outlook for 2024 is weak. As a result, it looks richly valued compared to peers and the dividend yield isn't comparable either. Still, its focus on its newest heated tobacco stick, Ploom X, could be a winning growth strategy and the medium-term profit outlook is still alright prompting a Hold rating. Japan Tobacco ( OTCPK:JAPAF OTCPK:JAPAY ) is an outlier among tobacco stocks, with a 25% price rise over last year compared to falling prices for peers (see chart below). This was likely due to its good financials and positive outlook when I last wrote about the stock in November. With the release of its final quarter (Q4 2023) and full year 2023 results earlier this week, along with its outlook for 2024, the question now is, can Japan Tobacco continue to see sustained gains or is the price trend likely to alter moving forward? Real revenue growth accelerates The company's revenues grew by a much slower 6.9% compared to the 14.3% rise
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- JT International U.S.A., Inc. (JTI) To Open New US Headquarters in Raleigh [Yahoo! Finance]Yahoo! Finance
- JTI-Macdonald launches Ontario campaign to combat explosive growth of illegal tobacco in Canada [Yahoo! Finance]Yahoo! Finance
- How B.C.'s aborted social-media lawsuit is related to tobacco, and why that's dangerous [Globe and Mail, The (Toronto, Canada)]Globe and Mail, The
- Is JAPAN TOB (JAPAY) Stock Outpacing Its Consumer Staples Peers This Year? [Yahoo! Finance]Yahoo! Finance
- JAPAN TOB (JAPAY) Upgraded to Strong Buy: What Does It Mean for the Stock? [Yahoo! Finance]Yahoo! Finance