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China set to ban vaping in public

  • A week after banning online sales of e-cigarettes, China outlined plans to prohibit vaping in public places to stem a "distinct increase" in activity among teenagers.
  • The stance would put China squarely with countries that have outlawed e-cigarettes outright, including India, Brazil and Singapore.
  • Already the world's largest tobacco market, China's e-cig market size rose from $451M in 2016 to $718M in 2018, according to estimates from L.E.K. Consulting.
  • Related stocks: Altria (NYSE:MO), Philip Morris (NYSE:PM), British American Tobacco (NYSE:BTI), Vector Group (NYSE:VGR), Imperial Brands (OTCQX:IMBBY) and privately-owned Juul (JUUL).

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SymbolLast Price% Chg
MO--
Altria Group, Inc.
PM--
Philip Morris International Inc.
BTI--
British American Tobacco p.l.c.
VGR--
Vector Group Ltd.
IMBBY--
Imperial Brands PLC