The Zhitong Finance App learned that China Tobacco Hong Kong (06055) rose by more than 4%. As of press release, it had risen by 3.91% to HK$12.76, with a turnover of HK$18.9476 million.

According to the news, on April 8, the company and Sichuan Tobacco signed the “Great Wall” Cigar Strategic Cooperation Memorandum. The two sides will give full play to their respective advantages, explore cooperation models such as overseas brand licensing and overseas production licensing, and promote the rapid development of “Great Wall” cigar products in overseas markets. At the same time, the company broke through the cigarette export area to the global market and further expanded the scale of its cigarette export business.

Tianfeng Securities believes that the company is an international business development platform designated by China Tobacco Corporation and the exclusive operating entity for related trade business. In the future, it will seize opportunities for domestic cigar demand growth, optimize the procurement model for cigar raw materials, and actively explore taxable cigarette business development models to expand the scale of its own business, and its profitability is expected to further improve.