{"id":6406,"date":"2023-10-05T11:34:12","date_gmt":"2023-10-05T09:34:12","guid":{"rendered":"https:\/\/www.forexsrovnavac.cz\/mag\/?p=6406"},"modified":"2023-10-05T13:36:47","modified_gmt":"2023-10-05T11:36:47","slug":"tabakove-akcie-klesaji-po-mnozicich-se-zakazech-v-eu-i-velke-britanii","status":"publish","type":"post","link":"https:\/\/www.forexsrovnavac.cz\/mag\/tabakove-akcie-klesaji-po-mnozicich-se-zakazech-v-eu-i-velke-britanii\/","title":{"rendered":"Tab\u00e1kov\u00e9 akcie klesaj\u00ed po mno\u017e\u00edc\u00edch se z\u00e1kazech v EU i Velk\u00e9 Brit\u00e1nii"},"content":{"rendered":"

Ve Velk\u00e9 Brit\u00e1nii se sna\u017e\u00ed zp\u0159\u00edsnit regulaci tab\u00e1ku a to na n\u00e1vrh britsk\u00e9ho premi\u00e9ra Rishi Sunaka<\/strong> na postupn\u00e9 zvy\u0161ov\u00e1n\u00ed v\u011bku pro n\u00e1kup cigaret. Tab\u00e1kov\u00e9 spole\u010dnosti by pak museli p\u0159ehodnotit svou prodejn\u00ed politiku. Sunakova iniciativa by mohla v\u00e9st k postupn\u00e9mu posouv\u00e1n\u00ed v\u011bkov\u00e9 hranice pro n\u00e1kup cigaret o jeden rok. O\u010dek\u00e1v\u00e1 se, \u017ee Sunak tento pl\u00e1n p\u0159edlo\u017e\u00ed parlamentu v pr\u016fb\u011bhu p\u0159\u00ed\u0161t\u00edho roku. Tato zm\u011bna by mohla m\u00edt v\u00fdznamn\u00fd dopad na trh s tab\u00e1kem a na budouc\u00ed zisky tab\u00e1kov\u00fdch spole\u010dnost\u00ed.<\/p>\n

Z\u00e1kazy i v EU<\/strong><\/span><\/p>\n

23. listopadu 2022 Evropsk\u00e1 komise p\u0159ijala historick\u00e9 rozhodnut\u00ed t\u00fdkaj\u00edc\u00ed se nah\u0159\u00edvan\u00fdch tab\u00e1kov\u00fdch v\u00fdrobk\u016f<\/strong> s charakteristick\u00fdmi p\u0159\u00edchut\u011bmi, kter\u00e9 ovlivn\u00ed v\u0161ech 27 \u010dlensk\u00fdch st\u00e1t\u016f EU. Tato regulace znamen\u00e1, \u017ee od roku 2023 bude zak\u00e1z\u00e1n prodej t\u011bchto specifick\u00fdch tab\u00e1kov\u00fdch v\u00fdrobk\u016f ve v\u0161ech \u010dlensk\u00fdch st\u00e1tech.<\/p>\n

Tento z\u00e1kaz se nevztahuje na elektronick\u00e9 cigarety ani na p\u0159\u00edchut\u011b pou\u017e\u00edvan\u00e9 v e-liquidech. E-cigarety z\u016fstanou voln\u011b dostupn\u00e9 a u\u017eivatel\u00e9 budou moci nad\u00e1le vyu\u017e\u00edvat r\u016fzn\u00e9 p\u0159\u00edchut\u011b n\u00e1pln\u00ed s e-liquidy podle sv\u00fdch preferenc\u00ed.<\/p>\n

Dopad regulac\u00ed na akcie Tab\u00e1kov\u00fdch firem<\/h2>\n

V oblasti pod\u00edlu na britsk\u00e9m trhu cigaret lze identifikovat n\u011bkolik kl\u00ed\u010dov\u00fdch hr\u00e1\u010d\u016f. Imperial Brands<\/strong> dr\u017e\u00ed dominantn\u00ed pozici na trhu cigaret. Na druh\u00e9m m\u00edst\u011b se nach\u00e1z\u00ed Japan Tobacco<\/strong>. N\u00e1sleduje British American Tobacco<\/a>, kter\u00fd v\u00fdznamn\u011b zaost\u00e1v\u00e1 na t\u0159et\u00edm m\u00edst\u011b a Philip Morris International.<\/p>\n

Pod\u00edly tab\u00e1kov\u00fdch spole\u010dnost\u00ed na trhu cigaret v Evropsk\u00e9 unii (EU) se mohou r\u016fznit v z\u00e1vislosti na geografick\u00e9m regionu a zem\u00edch EU. Tyto spole\u010dnosti maj\u00ed r\u016fzn\u00e9 \u00farovn\u011b zastoupen\u00ed v jednotliv\u00fdch \u010dlensk\u00fdch st\u00e1tech EU.<\/p>\n\n\n\n\n\t\n\n\t\n\t\n\t\n\t
Spole\u010dnost<\/th>Pozice v EU<\/th>Zna\u010dky cigaret v EU<\/th>\n<\/tr>\n<\/thead>\n
Philip Morris International (PMI)<\/td>Jedna z nejv\u011bt\u0161\u00edch tab\u00e1kov\u00fdch spole\u010dnost\u00ed na sv\u011bt\u011b, s v\u00fdznamnou p\u0159\u00edtomnost\u00ed v EU. Jejich zna\u010dka Marlboro je obl\u00edben\u00e1 v mnoha evropsk\u00fdch zem\u00edch.<\/td>Marlboro a dal\u0161\u00ed produkty PMI<\/td>\n<\/tr>\n
British American Tobacco (BAT)<\/td>Siln\u00e1 pozice v EU s r\u016fzn\u00fdmi zna\u010dkami cigaret, v\u010detn\u011b Lucky Strike, Dunhill a Kent, kter\u00e9 jsou popul\u00e1rn\u00ed v r\u016fzn\u00fdch \u010dlensk\u00fdch st\u00e1tech.<\/td>Lucky Strike, Dunhill, Kent a dal\u0161\u00ed produkty BAT<\/td>\n<\/tr>\n
Japan Tobacco International (JTI)<\/td>V\u00fdznamn\u00e1 tab\u00e1kov\u00e1 spole\u010dnost v EU s vlastn\u00edmi zna\u010dkami, jako jsou Winston, Camel a Benson & Hedges.<\/td>Winston, Camel, Benson & Hedges a dal\u0161\u00ed produkty JTI<\/td>\n<\/tr>\n
Imperial Brands<\/td>Imperial Brands m\u00e1 tak\u00e9 zna\u010dnou p\u0159\u00edtomnost v EU s produkty, jako jsou Davidoff, Gauloises a West.<\/td>Davidoff, Gauloises, West a dal\u0161\u00ed produkty Imperial Brands<\/td>\n<\/tr>\n<\/tbody>\n<\/table>\n\n

Pokud by tedy z\u00e1kon pro\u0161el, spolu z dal\u0161\u00edmi omezen\u00edmi v cel\u00e9 Evropsk\u00e9 \u00danii, by tyto spole\u010dnosti \u010delily poklesu tr\u017eeb i mo\u017en\u00e9ho celkov\u00e9ho poklesu jejich tr\u017en\u00ed kapitalizace. M\u016f\u017eeme jen p\u0159ipomenout, \u017ee tab\u00e1kov\u00fd pr\u016fmysl \u010del\u00ed posledn\u00edch 10 let tvrd\u00e9 regulaci v drtiv\u00e9 v\u011bt\u0161in\u011b vysp\u011bl\u00fdch zem\u00edch. Zda jim tr\u017eby z nah\u0159\u00edvan\u00e9ho tab\u00e1ku dok\u00e1\u017eou nahradit klesaj\u00edc\u00ed tr\u017eby z klasick\u00fdch cigaret z\u016fst\u00e1v\u00e1 ot\u00e1zkou.<\/p>\n

V\u00fdvoj Tr\u017eeb spole\u010dnosti Philip Morris International za posledn\u00ed 4 roky
\n<\/stock-market-widget><\/center><\/p>\n

Investovat do tab\u00e1kov\u00fdch spole\u010dnost\u00ed jen kv\u016fli dividend\u00e1m?<\/h2>\n

Investov\u00e1n\u00ed do tab\u00e1kov\u00fdch spole\u010dnost\u00ed je komplexn\u00ed t\u00e9ma, kter\u00e9 vy\u017eaduje zv\u00e1\u017een\u00ed r\u016fzn\u00fdch faktor\u016f a rizik. Jedn\u00edm z hlavn\u00edch argument\u016f pro investov\u00e1n\u00ed do tab\u00e1kov\u00fdch firem jsou jejich stabiln\u00ed zisky a dividendy. To co je dr\u017e\u00ed nad vodou jsou tedy vysok\u00e9 dividendy. Ale kupovat spole\u010dnosti jen na z\u00e1klad\u011b se nemus\u00ed vyplatit. Kdykoliv se m\u016f\u017ee sn\u00ed\u017eit a pot\u00e9 i v\u011bt\u0161inou n\u00e1sleduje velk\u00fd pokles v samotn\u00e9 cen\u011b akci\u00ed.<\/p>\n

Tab\u00e1kov\u00fd pr\u016fmysl spolu s alkoholem a hazardn\u00edmi hrami se \u0159ad\u00ed mezi necyklick\u00e9 akcie<\/a>. Tyto pr\u016fmysly maj\u00ed tendenci b\u00fdt odoln\u00e9 v\u016f\u010di hospod\u00e1\u0159sk\u00fdm cykl\u016fm, co\u017e m\u016f\u017ee b\u00fdt pro investory v\u00fdhodn\u00e9, zejm\u00e9na v dob\u00e1ch ekonomick\u00e9 recese.<\/p>\n

U t\u011bchto spole\u010dnost\u00ed ale p\u0159eva\u017euj\u00ed negativa.<\/strong> Prvn\u00edm a nejv\u00fdznamn\u011bj\u0161\u00edm je spojen s etick\u00fdmi z\u00e1le\u017eitostmi a zdravotn\u00edmi riziky. Kou\u0159en\u00ed a tab\u00e1kov\u00e9 v\u00fdrobky jsou spojeny s \u0159adou z\u00e1va\u017en\u00fdch zdravotn\u00edch rizik, v\u010detn\u011b rakoviny, onemocn\u011bn\u00ed plic a srde\u010dn\u00edch chorob a m\u016f\u017ee b\u00fdt v rozporu s etick\u00fdmi hodnotami n\u011bkter\u00fdch velk\u00fdch investor\u016f, poji\u0161\u0165oven i Hedge fond\u016f. P\u0159\u00edsn\u00e1 regulace tab\u00e1kov\u00e9ho pr\u016fmyslu ve v\u011bt\u0161in\u011b zem\u00ed tak\u00e9 omezuje marketingov\u00e9 a dal\u0161\u00ed aktivity. Je tedy na zv\u00e1\u017een\u00ed ka\u017ed\u00e9ho, zda rad\u011bji toto odv\u011btv\u00ed zcela ignorovat a ne\u0159e\u0161it st\u00e1le s\u00edl\u00edc\u00ed odpor a regulace, nebo jak se \u0159\u00edk\u00e1, j\u00edt proti davu.<\/p>\n

Nejv\u011bt\u0161\u00ed dividendy tab\u00e1kov\u00fdch spole\u010dnost\u00ed<\/strong><\/span><\/p>\n

Tabulka n\u00ed\u017ee nab\u00edz\u00ed p\u0159ehled n\u011bkter\u00fdch tab\u00e1kov\u00fdch akci\u00ed, v\u010detn\u011b jejich aktu\u00e1ln\u00ed velikosti dividendy a ro\u010dn\u00edho procentn\u00edho v\u00fdnosu.<\/p>\n<\/stock-market-widget>\n","protected":false},"excerpt":{"rendered":"

Ve Velk\u00e9 Brit\u00e1nii se sna\u017e\u00ed zp\u0159\u00edsnit regulaci tab\u00e1ku a to na n\u00e1vrh britsk\u00e9ho premi\u00e9ra Rishi Sunaka na postupn\u00e9 zvy\u0161ov\u00e1n\u00ed v\u011bku pro n\u00e1kup cigaret. Tab\u00e1kov\u00e9 spole\u010dnosti by pak museli p\u0159ehodnotit svou prodejn\u00ed politiku. Sunakova iniciativa by mohla v\u00e9st k postupn\u00e9mu posouv\u00e1n\u00ed v\u011bkov\u00e9 hranice pro n\u00e1kup cigaret o jeden rok. O\u010dek\u00e1v\u00e1 se, \u017ee Sunak tento pl\u00e1n p\u0159edlo\u017e\u00ed […]<\/p>\n","protected":false},"author":1,"featured_media":6409,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_seopress_titles_title":"","_seopress_titles_desc":"","_seopress_robots_index":"","_seopress_robots_follow":"","_seopress_robots_imageindex":"","_seopress_robots_snippet":"","_seopress_robots_primary_cat":"","_seopress_robots_breadcrumbs":"","_seopress_robots_freeze_modified_date":"","_seopress_robots_custom_modified_date":"","_seopress_robots_canonical":"","_seopress_social_fb_title":"","_seopress_social_fb_desc":"","_seopress_social_fb_img":"","_seopress_social_fb_img_attachment_id":0,"_seopress_social_fb_img_width":0,"_seopress_social_fb_img_height":0,"_seopress_social_twitter_title":"","_seopress_social_twitter_desc":"","_seopress_social_twitter_img":"","_seopress_social_twitter_img_attachment_id":0,"_seopress_social_twitter_img_width":0,"_seopress_social_twitter_img_height":0,"_seopress_redirections_value":"","_seopress_redirections_enabled":"","_seopress_redirections_enabled_regex":"","_seopress_redirections_logged_status":"","_seopress_redirections_param":"","_seopress_redirections_type":0,"_seopress_analysis_target_kw":"","_lmt_disableupdate":"","_lmt_disable":"","footnotes":""},"categories":[194],"tags":[],"class_list":["post-6406","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-akcie"],"modified_by":"Krpensk\u00fd Martin","_links":{"self":[{"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/posts\/6406","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/comments?post=6406"}],"version-history":[{"count":0,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/posts\/6406\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/media\/6409"}],"wp:attachment":[{"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/media?parent=6406"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/categories?post=6406"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.forexsrovnavac.cz\/mag\/wp-json\/wp\/v2\/tags?post=6406"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}