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is BAT still relevant?

$BAT (4162.MY)$ tobacco still relevant in the market since there is e ciggy?
PE ratio is still low, so the stocks could have been undervalued.
consistent dividend pay out is the reason I am holding onto this counter.
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  • 103614696 : when the price @ RM10/9/8 ... a lot of arguments saying that the stock is relatively 'low' & 'cheap' + 'attractive' , as well as low PE stock , but the overall trend & pattern still NO way to be called bottom , buyers unable to force for a reversal & Sellers continue to keep pressuring esp there's NO SUPPORT from the company itself via any  shares buy back , buy & hold + averaging DOWN is NOT a wise move .... just a thought !!

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