Hong Kong Stocks Movement | CTIHK (06055) Surges Nearly 7% in Late Trading, Strong First-Half Revenue Performance, Company Expected to Benefit from China Tobacco's Overseas Expansion and M&A Integration

Stock News
09/03

CTIHK (06055) surged nearly 7% in late trading, reaching a high of HK$42.2 and setting a new historical record. As of press time, the stock was up 6.68% to HK$42.14, with trading volume of HK$164 million.

On the news front, CTIHK recently released its interim results, reporting revenue of HK$10.316 billion, representing a year-on-year increase of 18.52%. Profit attributable to shareholders reached HK$706 million, up 9.79% year-on-year. The company proposed an interim dividend of HK$0.19 per share.

The strong revenue performance was mainly driven by the excellent performance of the company's tobacco leaf import and export business, which achieved both volume and price growth in the first half of the year.

Market analysts believe that the company's exclusive operating position creates deep barriers, giving it strong pricing power. The tobacco leaf import and export core business is expected to maintain steady growth, while emerging businesses such as cigarettes are expected to contribute incremental performance.

Industry observers note that CTIHK holds exclusive operating rights for related international tobacco business. According to Document No. 60 from China National Tobacco Corporation, CTIHK is designated as the exclusive operating entity for international business expansion platforms and related trading activities. This "exclusive status" is considered relatively rare, and the company is expected to continue benefiting from China Tobacco's overseas expansion and equity acquisition and integration activities.

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