3 Reasons to Buy British American Tobacco Stock Like There's No Tomorrow
UBS Group: Downgraded SMOORE INTL rating to "Sell" and raised Target Price to HKD 10.72.
UBS Group released a research report stating that it has downgraded SMOORE INTL (06969) from "Neutral" to "Sell," primarily due to high valuations and a relatively conservative view on the profit contribution of British American Tobacco's new heat-not-burn (HNB) products to its core customers. After BAT announced the launch of its new HNB products, SMOORE's stock price has risen by about 35%, indicating that investors are bullish on its prospects. The Target Price has been raised from 7.5 HKD to 10.72 HKD. However, UBS expects BAT to officially launch this new product in the second half of this year, and actual results may not be observable until next year.
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Tianfeng: Maintaining SMOORE INTL's "Buy" rating and being bullish on the growth potential of the HNB new business.
Tianfeng released a research report stating that, based on the company's Technology and leading advantages, it maintains a "Buy" rating for SMOORE INTL (06969), expecting the company's Net income for 2024-2026 to be 1.609/1.966/2.494 billion yuan, with year-on-year changes of -2.19%/+22.19%/+26.85%. The firm believes that as a global leader in providing atomization Technology solutions, the company's barrier advantages are becoming more pronounced, and under the backdrop of increasingly stringent regulations, the concentration of the Industry Chain is expected to accelerate. Tianfeng's main points are as follows: the company released a revised announcement of the Stock-based Incentive plan, with performance objectives...
