On August 10, SMOORE INTL rose 3.63% in regular trading, trading at HKD 8.86, with turnover of approximately HKD 10.66 million. The rally was driven by the approaching board meeting scheduled for August 19 to review interim results and consider an interim dividend.
The company recently announced that its board will convene on August 19 to approve results for the six months ended June 30. Institutional research indicates that SMOORE's e-cigarette product sales are expected to surpass the previously issued guidance of over 10% growth in the upcoming interim results. Additionally, with new HNB (heat-not-burn) customers anticipated to join in the second half, its RMB 2 billion HNB product sales target is considered easily achievable. Analysts estimate net profit compound annual growth of approximately 28% from the current fiscal year onward, with earnings acceleration beginning next year.
SMOORE INTL is an investment holding company principally engaged in providing atomization technology solutions, operating through proprietary brand and enterprise client segments across domestic and international markets.
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