Smoore Intl (06969) rose more than 3%, as of press time, up 3.48% to 11.3 Hong Kong dollars, with a turnover of 72.1135 million Hong Kong dollars.
According to the Zhitong Financial APP, Smoore Intl (06969) rose more than 3%, up 3.48% to 11.3 Hong Kong dollars as of the press time, with a turnover of 72.1135 million Hong Kong dollars.
On the news front, recently, Smoore Intl's major client British American Tobacco (BTI) stated at a capital markets exchange day event that the number of aerosol electronic cigarette users is expected to continue to increase, reaching 0.11 billion users by 2030; although the disposable category has grown rapidly in recent years, the current trend is changing, and rechargeable closed products are returning to growth. In the U.S. market, illegally flavored products account for about 70% of the overall aerosol electronic cigarette market size. Some states in the USA have started taking action to restrict certain illegal products, with Louisiana experiencing a 28% growth in the legal vapor market after strengthening regulations, while channels for illegal disposable products decreased by 91%.
Sinolink Securities believes that on October 16, Smoore Intl's major client British American Tobacco held a capital markets exchange day event, where British American Tobacco not only reiterated its goal of becoming a smoke-free enterprise by 2035 (i.e., fully transitioning into a new type of tobacco company), but also shared the latest developments in related new tobacco products, sending bullish signals for future development.