BAT Malaysia Cut to 'Fully Valued'

British American Tobacco (Malaysia) Bhd, the country's biggest cigarette-maker, was downgraded at HwangDBS Vickers Research Sdn Bhd, which said the government is likely to increase excise taxes this year. The company's rating was cut to "fully valued" from "hold," HwangDBS analyst Kok Chiew Sia said in a report today. Enditem