Zhitong Finance APP learnedcryptogamescoinbase, China Tobacco Hong Kong (06055) rose more than 11% in early trading. As of press time, it was up 9cryptogamescoinbase.11%, reported at HK$13.42, with a turnover of HK$39.764 million.
In terms of news, in April 2024, my country's export value of tobacco and its products was 529 million yuan, a year-on-year increase of 33.4%; the export volume was 18,400 tons, a year-on-year increase of 31.0%. Tianfeng Securities pointed out that the export volume and price of cigarettes and flue-cured tobacco increased both, and the export volume and price of cigarettes in April increased significantly compared with the same period last year.
In addition, on April 8, China Tobacco Hong Kong and Sichuan China Tobacco entered into the "Great Wall" Cigar Strategic Cooperation Memorandum. The company has successfully launched Sichuan Tobacco's "Great Wall" cigar products in the Hong Kong market. In order to further expand the company's cigar business and expand overseas development space, Tianfeng Securities believes that China Tobacco Hong Kong will seize the opportunity of domestic cigar demand growth in the future and optimize the purchase of cigar raw materials. model, at the same time, actively explore the development model of cigarette tax-free business, expand the scale of self-operated business, and is expected to further improve profitability.
