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SA Tobacco Control Regulation

Under the effect of public health policies, the decrease in overall tobacco consumption has weakened this sector, leading tobacco manufacturers to focus on high-growth products, as well as on acquisitions of competing companies

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Figure 1: The US consumer continues to downtrade Figure 1: The US consumer continues to downtrade Source: UBS analysis, NielsenIQ Valuation BTI is trading on a forward P/E of 9.1x marginally above the average over the last few years

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You can use greenery for a look that works all year, or switch out seasonal flowers and leaves or faux branches and ornaments