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China Tobacco International (HK) EGM Resolutions Passed
Here's Why We Think China Tobacco International (HK) (HKG:6055) Is Well Worth Watching
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.
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.
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Many Would Be Envious Of China Tobacco International (HK)'s (HKG:6055) Excellent Returns On Capital
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