British American Tobacco Malaysia (OTC:BATMF) (ROTH MK) or BAT Malaysia, is the outright market leader in the Malaysian cigarette industry with three times and five times the market share of its closest rivals. Its current valuations are attractive following a 31% share price decline in the past two years, attributable to the rise in the penetration rate of illegal cigarettes, which I expect to normalize by the end-2017, early-2018. Furthermore, the market has yet to price in the improved return profile of the company with its shift to an asset-light business model as a pure-play distributor of imported cigarettes. I arrive at a target price of RM67.70 for BAT Malaysia by applying a 20 times forward P/E multiple to my estimated FY2018 EPS of RM3.38, which implies a 33% upside to the company's share price. #money #trader #forextrader #business #LetsGetRichTogether #forextrading #wallstreet#entrepreneur #fx #motivation #success #profit #stocks #investment #finance#invest #daytrader #wealth #stockmarket#broker #lifestyle #eurusd #daytrading#forexsignals #gold #currency #luxury#millionaire