By: Forbes Real Time
March 05, 2013 at 16:23 PM EST
A Closer Look At Philip Morris' Asia Opportunity
Philip Morris International, the global tobacco giant that sells cigarettes in over 200 countries, manufactures and markets Marlboro, the number one cigarette brand, which holds more than 9% market share by volume worldwide (excluding China and USA cigarette volumes). After the spin off from its earlier parent company Altria in 2008, the company has delivered shareholder returns of approximately 120%, far more than the tobacco peer group returns of 65% during the same period, excluding dividends.
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