EVENTS:   Best Equity Short Ideas Conference Call 12 - Zach Shannon/Corto Capital Advisors & Craig Huber/Huber Research Partners & Thomas Beevers /Forensic Alpha & Ed Steele/Iron Blue Financials & Bill Campbell/Paragon Intel - 12 Nov 25   Will AI Deflate the World? Macro Lessons from Three Industrial Revolutions and China - Manoj Pradhan/Talking Heads Macro - 13 Nov 25     ROADSHOWS: Forest Products Sector Equity and Commodity Research With Expertise in Distressed Debt - Kevin Mason /ERA Research   •   London   12 - 14 Nov 25       Buyside to Buyside Forum and Expert Calls across TMT, Consumer, Healthcare and Fintech - Andrew Peters /Revelare Partners   •   London   17 - 19 Nov 25       Fundamental US Healthcare Short Ideas - Dr Elliot Favus /Favus Institutional Research   •   London   17 - 19 Nov 25      

Fortnightly Publication Highlighting Latest Insights From IRF Providers

Company Research

Japan Tobacco International (2914)

Consumer Staples

TobaccoIntelligence

Focusing on Ploom X - JTI reported a good performance from its reduced-risk products for the first nine months in its domestic market. JTI said that it would “strive to secure share growth” of its HnB device Ploom X in Japan for the rest of the year, which is receiving “encouraging feedback from consumers”. The company is very optimistic about the future of its heated tobacco portfolio despite the global semi-conductor shortage impacting the market worldwide.

Edition: 123

- 12 November, 2021