CTIHK (06055) rose more than 4% in the afternoon, as of the time of writing, with a rise of 2.36% to HKD 15.6, with a turnover of HKD 12.2165 million.
According to the Zhitong Financial APP, CTIHK (06055) rose more than 4% in the afternoon, as of the time of writing, with a rise of 2.36% to HKD 15.6, with a turnover of HKD 12.2165 million.
On the news front, CTIHK previously announced its interim performance, with first-half revenue of CNY 8.704 billion, a year-on-year increase of 12.4%; and a net profit of CNY 0.643 billion, a year-on-year growth of 40.8%. The company announced the distribution of interim dividends starting from 2024, with a dividend of HKD 0.15 per share.
AXI International believes that the rising price of tobacco and the recovery of cigarette exports have brought growth momentum to the company. The future expansion of the new tobacco business and possible mergers and acquisitions will become potential growth engines. Sealand Securities also points out that as the only listed company within the China tobacco system that focuses on the tobacco business, the company relies on solid barriers. The bank believes that the optimization of the company's export business product structure and the improvement of the scale of its self-operated business will drive the overall gross margin of the company.