According to the news source Chongqing Securities News App, CTIHK (06055) is up more than 3%, and at the time of publication, it is up 2.91% to HKD 16.98, with a transaction volume of HKD 18.83 million.
On the news front, ctihk previously released a positive profit forecast, with expected growth of no less than 30% in profit attributable to shareholders and no less than 10% in revenue growth for the six months ending June. CICC said that ctihk's profit forecast was better than expected, mainly due to the rapid growth of its cigarette export business and the continuous growth of its tobacco import business.
Anxin International has released a research report stating that overall, franchise operations have provided the company with a stable foundation for performance. Rising tobacco prices and the recovery of cigarette exports have also provided the company with growth momentum. The future expansion of the new tobacco business and potential mergers and acquisitions will become potential growth engines.