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Philip Morris International Inc. (NYSE:PM) To Participate At Barclays Global Consumer Staples Event

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Philip Morris International Inc. (NYSE:PM) will plan a live audio webcast of the firm’s remarks and Q&A session by Jacek Olczak, the CFO, at the upcoming Barclays Global Consumer Staples Event at www.pmi.com/2017barclays on September 7, 2017. The webcast will showcase the entire PMI session on a listen-only mode. This audio webcast can also be accessed on Android or iOS devices by using company’s Investor Relations Mobile app.

The buzz

Philip Morris is one of the leading international tobacco firms, with 6 of the world’s top 15 global offerings and brands sold in over 180 markets. Besides the cigarettes manufacturing and sale, including Marlboro, the company is into the development and commercialization of “RRPs”. It is the term company uses to refer to items that present, are likely to exhibit, or have the potential to exhibit reduced risk of harm to smokers who opt for RRPs versus continued smoking.

Using multidisciplinary capabilities in product advancement, industry-leading scientific substantiation and state-of-the-art facilities, the company intends to offer an RRP portfolio that fulfills a broad scale of adult smoker preferences and severe regulatory requirements.

From trading perspective, the last month has not been smooth for Philip Morris investors following the news that the U.S. FDA intends to bring in implement stringent guidelines on tobacco. Owen Bennett of Jefferies believes that PM may continue to trade under pressure in the coming period. Talking about the catalysts behind de-rating, he mentioned that there are increasing number of markets that are implementing greater taxes or planning for the same.

Next catalyst is there is intense competition growing in vapor market. At the moment, Philip Morris has recorded a free run in heated tobacco and hence its multiple has been provided all the credit in respect of assigned value. As competition intensifies, there can be some shift in this value.

DISCLOSURE: The views and opinions expressed in this article are those of the authors, and do not represent the views of MMJReporter.com. Readers should not consider statements made by the author as formal recommendations and should consult their financial advisor before making any investment decisions. To read our full disclosure

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