Hong Kong stock market anomaly | ctihk (06055) rose more than 10% intraday, with the stock price nearly doubling since the beginning of the year. institutions are bullish on its performance and valuation improvement.

ctihk (06055) rose over 10% during intraday trading, reaching a high of 24.35 Hong Kong dollars, hitting a new high since August 2019, with the stock price nearly doubling year to date. As of the time of writing, it is up 8.43% at 23.8 Hong Kong dollars, with a turnover of 0.101 billion Hong Kong dollars.

Zhitong FinanceOct 20 22:46 ET

Brokerage focus: Minsheng Securities first gives ctihk (06055) a "recommended" rating, indicating significant potential for improvement in its performance and valuation.

Jingu Finance News | Minsheng Securities issued a research report pointing out that ctihk (06055) has a performance that is bottomed out and has room for imagination. From the perspective of bottom performance, as a transfer of China Tobacco's overseas business (90% in 2023 from related party transactions), ctihk's current revenue has reached the billion level. In 2023, the total scale of China Tobacco's import and export business alone is about 20 billion yuan, combined with the overseas assets of local China Tobacco. Ctihk, as the overseas asset integration platform of China Tobacco, is currently undergoing a transition from tobacco traders to tobacco leaf production & cigarette production phases, focusing on the injection of overseas tobacco planting and processing links, and overseas cigarette production links.

Jingu Finance NewsOct 18 03:30 ET

Trending Industry Today: SMOORE INTL Leads Losses In Tobacco Stocks

Moomoo NewsOct 8 03:50 ET

Investor Optimism Abounds China Tobacco International (HK) Company Limited (HKG:6055) But Growth Is Lacking

Simply Wall StOct 2 23:08 ET

China Tobacco International (HK) (HKG:6055) Is Investing Its Capital With Increasing Efficiency

Simply Wall StSep 14 20:14 ET

Hong Kong stock market's abnormal movement | ctihk (06055) rose more than 4% in the afternoon as tobacco prices are in an upward cycle, and the recovery of cigarette exports is driving the company's growth.

ctihk (06055) rose more than 4% in the afternoon, as of the time of writing, it rose 2.36%, to 15.6 Hong Kong dollars, with a turnover of 12.2165 million Hong Kong dollars.

Zhitong FinanceSep 13 01:41 ET