Latest news with #Marlboro
Yahoo
03-07-2025
- Business
- Yahoo
BofA Raises Price Target on Philip Morris, Highlights Smoke-Free Strategy
Philip Morris International Inc. (NYSE:PM) ranks among the best FMCG stocks to buy. Analysts at BofA Securities raised their price target for Philip Morris International Inc. (NYSE:PM) from $182 to $200 on June 3 while maintaining their Buy rating on the company's shares. The update comes after the company's CFO, Emmanuel Babeau, expressed confidence in the company's smoke-free, multi-product strategy during a presentation at an investor conference in Paris. Copyright: jetcityimage / 123RF Stock Photo At the moment, Philip Morris International Inc. (NYSE:PM) sells its three smokeless brands. IQOS, ZYN, and VEEV, in 16 countries, with two brands accessible in 20. The company noted that these products work well together, preventing internal competition and fostering expansion. Philip Morris International Inc. (NYSE:PM) also intends to market two-thirds of its products as smoke-free due to the increasing popularity of these brands. Philip Morris International Inc. (NYSE:PM) is a global tobacco company that provides services to consumers in over 180 countries. With Marlboro as its signature product, the firm stands out among the titans of 'Big Tobacco.' While we acknowledge the potential of PM as an investment, we believe certain AI stocks offer greater upside potential and carry less downside risk. If you're looking for an extremely undervalued AI stock that also stands to benefit significantly from Trump-era tariffs and the onshoring trend, see our free report on the best short-term AI stock. Read More: and Disclosure: None. Sign in to access your portfolio
See - Sada Elbalad
03-07-2025
- Business
- See - Sada Elbalad
Egypt Hikes Cigarette Prices as New VAT Law Takes Effect
Taarek Refaat In a bold fiscal move aimed at bolstering state revenues, Egypt has officially raised cigarette prices following parliamentary approval of amendments to the country's Value Added Tax (VAT) law. The price hikes, effective Wednesday, July 2, have pushed the cost of both local and imported cigarette brands to record highs, sparking widespread consumer and media attention. According to Ibrahim Imbaby, head of the Tobacco Division at the Federation of Egyptian Industries, the newly approved pricing structure aligns with three tax brackets, each impacting cigarette brands differently. Imbaby hailed the legislation as a "timely and strategic decision" that supports both government income and price stability for tobacco companies. Local Brands: Cleopatra Hits New Ceiling Cleopatra, Egypt's most widely consumed cigarette brand, saw its retail price surge from EGP 38.70 to EGP 48 per pack across all variants — including King Size, Super, Soft Queen, Box, Black Label, and others. Other domestically produced brands such as Boston, Bloment, Mondial (Red, Blue, Silver), and Matsuyan Super now also retail for EGP 48. Imported Brands: Marlboro and Merit Top EGP 100 Multinational tobacco products under Philip Morris have also experienced substantial increases: Marlboro: Jumped from EGP 89 to over EGP 100 in many kiosks and retailers. Merit: Rose from EGP 95 to above EGP 105, placing it firmly in the premium category. LM: Now priced at EGP 69, up from EGP 69 pre-tax change, solidifying its mid-tier classification. HEETS & TEREA (Heated Tobacco): Varieties such as Selections, Dimensions, and Capsules are now selling for EGP 74. New Pricing Brackets Introduced The updated tax framework organizes cigarette products into three main price brackets: Tier 1 (Economy): Max retail price raised from EGP 38.80 to EGP 48 Tier 2 (Mid-range): Capped at EGP 69 Tier 3 (Premium imports): Starting from EGP 96 and up Government Stance & Industry Reaction The VAT adjustment law, first debated in Parliament over the weekend, aims to rationalize consumption while boosting public funds. The government argues that the new structure balances public health concerns with economic realities. 'Tobacco prices in Egypt have remained artificially low for years,' said a parliamentary source involved in the discussions. 'This step aligns prices more closely with global standards.' Meanwhile, tobacco companies have publicly supported the tax change, emphasizing its role in reducing pricing disparities and encouraging regulatory clarity. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War News Flights suspended at Port Sudan Airport after Drone Attacks Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream News Shell Unveils Cost-Cutting, LNG Growth Plan Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence"
Zawya
02-07-2025
- Business
- Zawya
Philip Morris Egypt unveils price hike for cigarettes, heated tobacco products
Arab Finance: Philip Morris Egypt has updated the prices of its cigarettes and heated tobacco products, following the most recent price increase that officially took effect in the Egyptian market, as per a statement. The company confirmed that the price adjustments cover its flagship brands, including Merit, Marlboro, and L&M, as well as heated tobacco products such as HEETS and TEREA. The company explained that the move is part of its regular price review to keep pace with local market developments and recent tax changes. The new official retail prices for Philip Morris products in Egypt are as follows: Merit: EGP 105 per pack Marlboro: EGP 97 per pack Marlboro Crafted: EGP 79 per pack L&M: EGP 76 per pack TEREA (heated tobacco): EGP 76 per pack TEREA Capsules: EGP 80 per pack HEETS: EGP 69 per pack Also, Philip Morris Egypt urged all retailers and distributors to comply with the official prices printed on packs. The company also highlighted the use of a QR code printed on packs, introduced in 2022, to help consumers verify prices. © 2020-2023 Arab Finance For Information Technology. All Rights Reserved. Provided by SyndiGate Media Inc. (
Daily News Egypt
01-07-2025
- Business
- Daily News Egypt
Philip Morris Misr announces new price list effective 1 July
Philip Morris Misr has announced updated prices for its full range of tobacco products, including its heated tobacco lines HEETS and TEREA, as well as conventional cigarettes under the Merit, Marlboro, and L&M brands, effective from 1 July 2025. The company affirmed that the new pricing is transparently communicated to adult smokers and nicotine users through QR codes printed on cigarette and heated tobacco packaging—an initiative launched in 2022 to ensure price transparency. Ali Nevzat Karman, Managing Director of Philip Morris Egypt and Levant, stated: 'Philip Morris Misr continues to work diligently to meet the needs of adult smokers and nicotine users in the Egyptian market, while supporting the company's ambitious vision of a smoke-free future.' The updated retail prices (per pack) are as follows: Merit (all variants): EGP 105 Marlboro (all variants): EGP 97 Marlboro Crafted (all variants): EGP 79 L&M (all variants): EGP 76 TEREA (all variants): EGP 76 TEREA Capsules (all variants): EGP 80 HEETS (all variants): EGP 69 Philip Morris Misr has called on retailers and distributors across the country to adhere strictly to the newly declared prices. Philip Morris International (PMI), the parent company of Philip Morris Misr, is a leading global consumer goods firm focused on delivering a smoke-free future. The company is transforming its portfolio to include a growing range of smoke-free alternatives, as well as exploring products beyond the tobacco and nicotine sectors. As of 31 December 2024, PMI's smoke-free products were available in 95 markets and used by an estimated 38.6 million adult consumers worldwide. Smoke-free products accounted for 42% of the company's total net revenues in the first quarter of 2025.
Al-Ahram Weekly
01-07-2025
- Business
- Al-Ahram Weekly
Philip Morris Egypt raises cigarette, heated tobacco prices - Society
Philip Morris Egypt has released a new price list for its full range of tobacco products, including traditional cigarettes under the Merit, Marlboro, and L&M brands and heated tobacco products such as HEETS and TEREA. The company confirmed that the updated prices are displayed on product packaging through a QR code, a system introduced in 2022 across both cigarette packs and heated tobacco sticks. The announcement comes just days after the Egyptian parliament approved limited amendments to the value-added tax (VAT) law. Ali Nafzat Kerman, Managing Director of Philip Morris Egypt and the Levant, said the company remains committed to addressing the needs of adult smokers and nicotine users in Egypt while also supporting its broader vision of a smoke-free future. The new official prices are as follows: Merit packs are priced at EGP 105, Marlboro at EGP 97, Marlboro Crafted at EGP 79, and L&M at EGP 76. For heated tobacco products, TEREA packs are listed at EGP 76, TEREA Capsules at EGP 80, and HEETS at EGP 69. Philip Morris Egypt urged retailers and distributors to adhere strictly to the announced prices. The company's parent, Philip Morris International, produces a mix of traditional tobacco products and smoke-free alternatives, including heat-not-burn devices, nicotine pouches, and e-vapor products. In May 2024, Philip Morris International acquired a 14.7 percent indirect minority stake in Eastern Company, Egypt's largest cigarette manufacturer. Follow us on: Facebook Instagram Whatsapp Short link:
