CTIHK (06055.HK): Tobacco going overseas is underway. As a rare platform and industry integrator, fully benefiting.

Key investment highlights: CTIHK is the exclusive operational entity designated by China National Tobacco Corporation (CNTC) for international business expansion and related trade operations, ensuring steady growth and profitability of its core business, along with cigarettes and new types.

ZheshangDec 19 00:00

[Brokerage Focus] GTJA maintains a Shareholding rating on CTIHK (06055), indicating that its annual net margin is expected to improve year-on-year.

Jinwu Financial News | GTJA issued a research report, CTIHK (06055) released a positive earnings forecast, expecting a net income growth of not less than 30% for 2024, with growth rate in line with expectations. The main reason for the profit increase is the deepening of existing Business and the exploration of new Business. The annual profit growth rate is expected to be slower than in the first half of the year (24H1 year-on-year +41%), mainly due to issues with shipping rhythm. The bank expects steady growth in revenue for the second half of the year, and the annual net margin for net income is expected to further improve compared to 2023. The bank continues to indicate that China Tobacco Group positions CTIHK for Capital Markets operation and international Business expansion, and the company is expected to serve as a listing platform.

Jinwu Financial NewsDec 18 15:00 · Ratings

CTIHK (6055.HK): A three-part growth strategy consisting of a solid foundation, flexible points, and synergy from mergers and acquisitions.

The core viewpoint is that CTIHK is the only listed entity within the Tobacco industry of China Tobacco, and it is also the listed platform responsible for the international Business expansion and Overseas Capital Markets operations of the China Tobacco International Group. It is believed that the company has a solid tobacco leaf base and is seeing an upward performance in cigarette exports.

CSCDec 18 10:22

Tianfeng: Maintains "Buy" rating on CTIHK (06055), expected to become a direct beneficiary of Industry development and transformation.

Tianfeng expects CTIHK's net income for the years 2024, 2025, and 2026 to be 0.787/0.91/1.1 billion Hong Kong dollars.

Zhitong FinanceDec 18 09:32 · Ratings

CTIHK expects an annual net profit increase of at least 30%, yet the stock price has fallen instead of rising.

① What are the reasons for the significant increase in CTIHK's annual Net income expectations? ② How do Institutions view the company's performance?

cls.cnDec 17 10:33

In the "Big Bank," CITIC Securities raised the Target Price for CTIHK (06055.HK) by 46% to 28 yuan with a rating of "Neutral."

CICC published a research report, maintaining a "Neutral" rating on CTIHK (06055.HK), noting that the company recently issued a profit warning, forecasting that the net profit for the fiscal year 2024 will increase by no less than 30% year-on-year, in line with the firm's expectations. CICC expressed a bullish outlook on the synergy between the organic growth and external expansion of CTIHK's business, believing that CTIHK possesses exclusive licenses and serves as the international capital operation platform of China Tobacco Group, thus having rare value. Currently, the profit forecast remains unchanged, but due to adjustments in business prospects and market risk preferences, the target price has been raised by 46% to 28 yuan, corresponding to an estimated PE for the coming two years.

AASTOCKSDec 17 09:37