Lets start with a health warning about this stock
**Philip Morris Malaysia (PMM) announced to discontinue its manufacturing plant in Malaysia in 2012 and currently operates a Cast Leaf plant in Seremban, which uses tobacco dustand stems to manufacture reconstituted tobacco to be used as one of the blend components in Primary Processing in the PMI manufacturing centers around the world
With a mere four years to go until the 2025 deadline, KT&G will now have to take on the cream-of-the-crop of the worlds tobacco industry players, and its not going to be a walk in the park
As a signatory to the World Health Organizations Framework Convention on Tobacco Control, China is supposed to set rules on limiting tobacco use, even as it reaps major financial benefits from its own cigarette monopoly
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