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CTIHK has now risen over 4%. The profit attributable to equity holders for 2024 is expected to grow by 42.6% year-on-year.
CTIHK (06055) rose 4.15% in early trading, currently reported at 25.10 HKD, with a transaction volume of 48.1789 million HKD.
[Brokerage Focus] Zheshang maintains a "Buy" rating on CTIHK (06055), pointing out its excellent profitability.
Jinwu Financial News | Zheshang Research Reports indicate that CTIHK (06055) is projected to generate revenue of HKD 13.074 billion in 2024, a 10.5% year-on-year increase, with net income of HKD 0.854 billion, representing a 42.6% year-on-year growth. This exceeds the company's previous profit forecast of at least 30% growth. The institution states that the company continues to adhere to the strategic positioning of Capital Markets operations and the international Business expansion platform, actively seeking, selecting, and tracking high-quality symbols, and will conduct investment mergers and acquisitions in a timely manner. In terms of organic growth, the focus is on improving profitability (through supply chain synergy, product portfolio optimization, etc.) and expanding cigarette/CBT/new tobacco initiatives.
CICC: Maintains a "Neutral" rating for CTIHK and raises the Target Price to HKD 31.5.
CITIC Securities released a Research Report stating that it maintains a "Neutral" rating on CTIHK (06055), adjusting the Target Price upward by 13% to HKD 31.5 based on revised profit forecasts, which corresponds to a P/E of 23/22 times for 2025/26. Considering the improvement in profitability of businesses like cigarette exports, the Net income forecast for 2025 has been raised by 11% to HKD 0.94 billion, and introducing a Net income forecast of HKD 1.01 billion for 2026. The main points from CITIC Securities are as follows: The Net income for 2024 is expected to exceed the performance forecast, which is higher than the bank's expectations. The company is expected to announce its 2024 results, with revenue reaching HKD 13.07 billion, a 10.5% increase year-on-year.
China Tobacco International's 2024 Profit Increases 43%
CTIHK (06055.HK) reported a 42.6% increase in net income for 2024, reaching 0.854 billion Hong Kong dollars, with a final dividend of 0.31 Hong Kong dollars per share.
On March 6, Glonghui announced that in 2024, CTIHK (06055.HK) will adhere to the development philosophy of "respecting the market, respecting the rules, and respecting the investors," focusing on international market expansion, enhancing corporate governance standards, and committing to social value realization. The group will deepen existing business advantages and promote the development of innovative businesses, achieving significant growth in overall performance year-on-year, with a cumulative revenue of 13.07 billion HKD, a year-on-year increase of 10.5%; and a net income attributable to shareholders of 0.854 billion HKD, a year-on-year increase of 42.6%. To better reward shareholders and share the results of development, full consideration has been given to the group's strong profitability and
Express News | China Tobacco International HK FY Revenue HKD 13,070 Million
Many Would Be Envious Of China Tobacco International (HK)'s (HKG:6055) Excellent Returns On Capital
