The Zhitong Finance App learned that in the afternoon, Smore International (06969)'s upward trend accelerated, rising about 12%. According to the agency's latest report, sales of new national standard products may be expected to improve significantly after Q1 in '23. The company's overseas business has benefited from an improved market pattern and is still expected to achieve steady growth. The long-term layout value of stock prices is outstanding. As of press release, Smore International rose 12.31% to HK$1,332, with a turnover of HK$501 million.

On December 8, CITIC Securities stated in the light industry manufacturing industry's 23rd strategy report that the bottom of the domestic market policy for the novel tobacco industry is clear, and performance is expected to be low next year. However, the improvement in the overseas market pattern is of great benefit to Smore International's (06969) overseas business. Last week, Guojin Securities pointed out that according to channel feedback, it is expected that sales of new national standard products may be expected to improve significantly after Q1 of '23. On the overseas market side, judging from the current tracking situation, sales of inflatable-type e-cigarette products from the company's major customers are still growing steadily, while disposable cigarettes are growing rapidly. The overseas business is still expected to achieve steady growth. The current valuation has fully reflected pessimistic expectations, and the long-term layout value is prominent.