Behind the doubling of Smoore's sales in a year, has the e-cigarette market improved again?
Last year, there were only a few companies in the Hong Kong stock market that doubled in value, mostly those with significantly improved fundamentals. These stocks generally had previously unfavorable market expectations, and as concerns were invalidated, they rebounded substantially from the bottom. The electronic cigarette Industry has also been quiet for a long time. After the restructuring of the electronic cigarette market in 2022, domestic demand has remained depressed, and most companies in the Industry inevitably experienced performance declines. Even today, most companies have still not been able to regain growth. Under this premise, last year, $SMOORE INTL (06969.HK)$ successfully doubled its value.
Hong Kong stock opportunities tracking | The dual-primary listing of Alibaba-W on the Hong Kong Stock Exchange will take effect today; JD.com announced a $5 billion share buyback plan.
Anta's revenue in the first half of the year increased by 13.8% year-on-year, planning to spend billions of Hong Kong dollars for buybacks; Haidilao's revenue in the first half of the year was approximately 21.491 billion yuan, a year-on-year increase of 13.79%; Five departments issued a joint notice to improve the policy of duty-free shops in the city.
Midday Overview | Hong Kong stocks opened high and fell low, ChiNext fell more than 1%; wind power stocks rose against the trend, Datang Renewables rose more than 5%.
NIO Inc. fell more than 7% after the earnings report, with an expanded loss in the first quarter and a decrease in the average price and delivery volume of autos.
Mid-day review | Hong Kong's three major stock indexes rise and fall, mainland real estate stocks rise across the board, Radiance Holdings surges more than 27%.
Hang Seng Index rose 0.22%, ChiNext fell 0.12%, CSI300 rose 0.2%; the concept of contract research organizations in the pharmaceutical industry strengthened, genscript bio rose more than 12%; yankuang energy fell more than 9%.
Hong Kong Stock Afternoon Review | The three major indices strengthened slightly. Internet medical stocks and petroleum stocks improved. Ali Health rose nearly 13%, and CNPC rose more than 3%
Many TechNet stocks rose; Tencent rose nearly 2%, Baidu and NetEase rose more than 1%; Apple concept stocks rose one after another, and BYD Electronics and Gaowei Electronics rose more than 3%.
WHO “shoots” on the tobacco industry: it is using e-cigarettes to make young people addicted!
① The World Health Organization (WHO) released a report saying that tobacco companies are inducing young people to smoke e-cigarettes through social media, sponsoring sports events and music festivals, and launching candy-flavored products; ② The WHO points out that flavors such as candy and fruit are key reasons why young people smoke e-cigarettes.