Smoore Intl (06969) rose by more than 4%, as of the time of publication, up by 4.50% to HK$10.68, with a turnover of 0.104 billion Hong Kong dollars.
According to the Futu Securities APP, Smoore Intl (06969) rose by more than 4%, up by 4.50% to HK$10.68, with a turnover of 0.104 billion Hong Kong dollars.
On the news front, recently, the State Tobacco Monopoly Administration issued a notice on the revision and issuance of the 'Electronic Cigarette Trading Management Regulations.' It mentioned that the State Council's tobacco monopoly administrative authority will establish a nationwide unified electronic cigarette trading management platform. All types of electronic cigarette market entities that have obtained tobacco monopoly licenses should conduct transactions through the platform. Caitong Securities pointed out that the domestic electronic cigarette regulatory rules are gradually improving, promoting the market's orderly and standardized development. In the long term, non-compliant products are expected to be gradually cleared out, and market share is expected to further concentrate, benefiting top companies in production, brands, and other aspects.
Htsc pointed out that recently, with the catalysis of the overseas rate cut and the warming sentiment in the Hong Kong stock market, the leading atomization device company, Smoore Intl, has received another boost in its stock price. The company's traditional atomized electronic cigarette sector business is steadily recovering, and 24H2 is expected to reach an operational turning point. Meanwhile, non-combustion, medical atomization, and other businesses are steadily progressing as part of the medium and long-term global strategy, with a smooth long-term growth logic. In addition, Huaan Securities pointed out that the company's layout in the atomization medical/beauty/HNB and other businesses is expected to gradually enter a high-growth phase, providing new performance increments.