FDA Issues Final Rule Increasing Minimum Age For Tobacco Sales Restrictions; From Sept. 30, Retailers Must Verify Age With Photo ID For Anyone Under 30 And Vending Machine Sales Will Be Limited To 21+ Facilities
J.P. Morgan Sticks to Its Hold Rating for British American Tobacco (BATS)
ANZ International: Maintains "buy" rating on Smoore Intl, target price raised to HKD 10.7.
Anxin International released a research report stating that it maintains a "buy" rating on Smoore International (06969) with a target price raised to HKD 10.7. Smoore's revenue for the first half of 2024 was 5.03 billion, a year-on-year decrease of 1.7%, and the net income was 0.68 billion, a year-on-year decrease of 4.8%. The gross margin was 38%, an increase of 1.8 percentage points year-on-year, and the net margin was 13.6%, a decrease of 0.4 percentage points year-on-year. Although the contract manufacturing business is still contracting, the company's own brand is booming. With the direction of the policy becoming clear, the bank believes that the company's future prospects are promising. However, considering the short-term increase in expenses, the bank has lowered its performance forecast for 2024, but raised it for 2025 and 2026.
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Wall Street Analysts Look Bullish on British American Tobacco (BTI): Should You Buy?
