Smoore Intl (06969) rose more than 3% in the afternoon. As of press time, it rose 3.13% to HKD 8.57 with a turnover of HKD 33.4903 million.
According to the Zhitong Finance APP, Smoore Intl (06969) rose more than 3% in the afternoon. As of press time, it rose 3.13% to HKD 8.57 with a turnover of HKD 33.4903 million.
CITIC Sec pointed out that the global new tobacco market was relatively positive from June to July 2024. In June 2024, China's electronic cigarette export volume continued to grow well, up 5.9% YoY to USD 1 billion. The HNB core market demand in Japan continued to grow, but the promotion of IQOS in the United States was delayed until 24Q4. The consumption tax in the European market and the ban on flavored tobacco products may have an impact on demand.
Swhy pointed out that for the replaceable category, the long-term compliance process continues to promote, and the company's market share increases smoothly; for the disposable category, it can still enjoy the industry's growth dividend at this stage, and plans to launch its own brand, leveraging the APV channel for sales; for the non-smoke category, the company continues to layout and HNB is expected to be launched; for the domestic market, the new regulations for electronic cigarettes have been formally introduced, and the trend of concentration of new national standards production capacity to the head is obvious. In the long run, the penetration rate of new tobacco is likely to increase, and the scale of domestic business income is expected to gradually expand.