According to the news from the Wise Finance and Economics APP, CTIHK (06055) rose more than 6% in the morning, up 6.07% to HKD 17.48 at the time of publication with a turnover of HKD 57.6362 million.

On the news front, CTIHK previously released a positive profit forecast, expecting a growth of no less than 30% in attributable company shareholder profits for the six months ended June, with revenue growth of no less than 10%. The growth in performance was mainly due to the significant increase in revenue and gross profit from cigarette export business, the overall increase in the selling price during the period, and the growth in revenue and gross profit of tobacco leaf products export business.

CICC stated that CTIHK's profit forecast is better than the bank's expectations, mainly due to the rapid growth of its cigarette export business and the continuous growth of tobacco leaf import business. The bank estimates that with the rapid growth of CTIHK's cigarette export business and the strengthening of its own Alpha, the company's performance in the first half of this year is expected to continue to grow rapidly under a high base, and is bullish on the uniqueness of the company's exclusive license and its scarcity value as the international capital operation platform under China National Tobacco's umbrella for the long term, with the potential for synergies in multiple businesses through internal growth and external expansion.