Phillip Morris International

[Be Here Now]

(03-19-2015, 12:43 PM)Kerim Wrote:

(03-19-2015, 11:36 AM)Roadmap2Retire Wrote: The market is definitely on the upswing in China - where there are more than 350M smokers. That market is off-limits to investors though, since its dominated by the government run CNTC. Im sure theres a small part of the market which is fought over by the international brands.

I think PM has some kind of partnership with CNTC?

Yes. But PM gets very little of its volume from the PRC, and according to this article, the PRC is trying to discourage smoking:

http://247wallst.com/consumer-products/2...vertising/