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Trending Industry Today: SMOORE INTL Leads Gains In Tobacco Stocks
Hong Kong stocks movement | CTIHK (06055) is currently up nearly 5%, with an expected annual net profit growth of no less than 30%. Institutions expect the company to integrate resources from the China Tobacco system.
CTIHK (06055) is currently up nearly 5%, as of the time of this report, up 4.75%, priced at 24.25 HKD, with a transaction volume of 26.0855 million HKD.
Shareholders Would Enjoy A Repeat Of China Tobacco International (HK)'s (HKG:6055) Recent Growth In Returns
[Brokerage Focus] GTJA maintains a Shareholding rating on CTIHK (06055), indicating that its annual net margin is expected to improve year-on-year.
Jinwu Financial News | GTJA published a research report indicating that CTIHK (06055) has released a positive profit forecast, expecting the net income attributable to the parent company to increase by no less than 30% in 2024. The growth rate meets expectations, and the main reasons for the profit increase are the deepening of existing business and the exploration of new Business. The annual profit growth rate is expected to be slower than the first half of the year (24H1 year-on-year +41%), primarily due to issues with the shipping schedule. The institution expects steady growth in revenue in the second half of the year, and the annual net margin attributable to the parent company is expected to further improve compared to 2023. The institution further states that China Tobacco Group's positioning for CTIHK is as an operator in Capital Markets and the expansion of international Business, and the company is expected to serve as a platform for listing.
[Brokerage Focus] China Securities Co.,Ltd. gives CTIHK (06055) an initial 'Buy' rating, expecting basic support + elasticity points + merger integration resonance.
Jinwu Financial News | China Securities Co.,Ltd. released a Research Report indicating that CTIHK (06055) is the only listed entity in the Tobacco sector under China Tobacco, and it is also the listed platform responsible for the international business expansion and Overseas Capital Markets operations of China National Tobacco Corporation. The institution believes the company possesses a stable tobacco leaf fundamental base, an upward elasticity in cigarette export performance, and significant potential for mergers and acquisitions. 1) Fundamental Base: The company operates exclusively in certain regions for tobacco leaf imports and related business as prescribed in Document No. 60 issued by the State Tobacco Monopoly Administration, demonstrating strong resilience; 2) Performance Elasticity: Cigarette exports improve the self-operated proportion through new channels and new products to enhance profit margins.
CTIHK expects an annual net profit increase of at least 30%, yet the stock price has fallen instead of rising.
① What are the reasons for the significant increase in CTIHK's annual Net income expectations? ② How do Institutions view the company's performance?
Many Would Be Envious Of China Tobacco International (HK)'s (HKG:6055) Excellent Returns On Capital
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