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Behind SMORE's doubling in a year, are e-cigarettes good again?
There are only a few companies that have more than doubled in Hong Kong stocks last year. Most of them are stocks with obvious improvements in fundamentals. These stocks generally had poor market expectations before. As concerns were falsified, they have rebounded quite a bit from the bottom. The e-cigarette industry has also been quiet for a long time. After the e-cigarette rectification in 2022, domestic demand has been sluggish, and most companies in the industry have inevitably experienced a decline in performance. Until today, most companies have not been able to resume growth. Under this premise, $SMORE International (06969.HK) $ successfully doubled last year, and everyone started
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Tianfeng: Maintaining SMOORE INTL's "Buy" rating and being bullish on the growth potential of the HNB new business.
Tianfeng released a research report stating that, based on the company's Technology and leading advantages, it maintains a "Buy" rating for SMOORE INTL (06969), expecting the company's Net income for 2024-2026 to be 1.609/1.966/2.494 billion yuan, with year-on-year changes of -2.19%/+22.19%/+26.85%. The firm believes that as a global leader in providing atomization Technology solutions, the company's barrier advantages are becoming more pronounced, and under the backdrop of increasingly stringent regulations, the concentration of the Industry Chain is expected to accelerate. Tianfeng's main points are as follows: the company released a revised announcement of the Stock-based Incentive plan, with performance objectives...
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