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Smoore International Holdings' New Tobacco Products Get MGO in USA
Smoore International Holdings' (HKG:6969) US client R.J. Reynolds Vapor obtained marketing granted orders for seven new tobacco products, supplied by the company, through the pre-market Tobacco
Caitong brokerage maintains a "buy" rating on Smoore Intl (06969) and is bullish on the long-term growth of the atomization leader.
Jingu Finance News | Caitong Securities released research reports, recently, the FDA website announced the approval of 7 electronic cigarette products for sale in the US market. The 7 approved products are all under the VuseAlto brand owned by BAT, including 6 tobacco-flavored products and 1 electronic cigarette device. The bank pointed out that Smoore Intl (06969) is laying out multiple fields such as electronic atomization, heating without combustion, special-purpose atomization, medical atomization, etc. The company achieved a net income of 0.31 billion yuan in the first quarter of 2024, a year-on-year increase of 5.6%, and a return to positive growth. The company is increasing its investment in R&D against the trend and is expected to launch differentiated products in multiple fields to cultivate new growth points.
Smooore Intl (06969) soared nearly 7% in early trading on the Hong Kong stock market after its US client RJR received marketing licenses for seven new tobacco products.
Smoore Intl (06969) rose nearly 7% in early trading. As of press time, it rose 6.43% to HKD 9.1, with a turnover of HKD 34.996 million.
Smoore Intl: RJR has received seven new tobacco products via the pre-market tobacco product application pathway.
Smoore Intl (06969) announced that on July 18, 2024, R.J. Reynolds Vapor Company (RJR) received seven new tobacco products (including a battery (Vuse Alto Power Unit) and six closed-type e-cigarette cartridges with tobacco flavors (Vuse Alto Pod Rich Tobacco 1.8%, Vuse Alto Pod Rich Tobacco 2.4%, etc.) through the pre-market tobacco product application process.
smoore intl (06969): RJR has received seven new tobacco products through the pre-market tobacco product application process.
Smoore Intl (06969) announced that on July 18, 2024, R.J. Reynolds...
Caitong Securities: Vuse tobacco-flavored products approved again, maintains buy rating for Smoore Intl (06969).
The company has diversified into various areas such as electronic atomization, non-combustible heating, special purpose atomization, and medical atomization. In Q1 of 2024, the company achieved a net income of 0.31 billion yuan, with a year-on-year growth of 5.6%, returning to positive growth.
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苦瓜哥 : haha it's still a long way