Interesting observation, after yesterday's Altria $MO+0.0% results:
Philip Morris sells more cigarettes in Indonesia than in the US (Altria).
It's one piece to the puzzle that shows how important emerging markets are in the cigarette business. In Indonesia, for example, almost 30% of the population over 15 years of age smoke.
https://x.com/tobaccoinsider/status/1717815293060472995?s=20
One of the fastest growing investor communities in Europe
Comprehensive data and information on thousands of stocks from around the world
Current information from global markets and individual companies
Education and exchange of investment experience among investors
Fair prices, portfolio tracker, stock screener and other tools
All data provided on Bulios is provided for informational purposes only, and is not intended for trading or investing purposes. Find out more
© Bulios 2024
But that's not news to me, a lot of tobacco focuses on Asia and young adults(or rather kids). If you start early,it's supposedly harder to quit. This was the reason I said no to tobacco :)
Here in Sri Lanka, they're smoking a hundred and six. 😂😂😂