HK Stock Market Move | Chinese manufacturers deepen their global tobacco market layout. SMOORE INTL (06969) and CTIHK (06055) both rose 4% in early trading.

Concept stocks of electronic cigarettes rose in the early trading session, as of the time of writing, SMOORE INTL (06969) rose by 4.53% to 10.16 Hong Kong dollars; CTIHK (06055) rose by 3.44% to 16.86 Hong Kong dollars. On the news front, on September 19, the Dortmund International Tobacco Convention in Germany opened with the highest number of Chinese exhibitors. CTIHK organized a team of 66 people to represent 13 Chinese tobacco industrial enterprises with 25 brands, over 100 specifications of heated tobacco and 30 cigar products on display. This participation set a record for the largest number of curators and exhibited products by Chinese tobacco in overseas exhibitions, further showcasing the strong strength and overall brand image of Chinese tobacco to the world. Tianfeng pointed out that CTIHK is the designated international business expansion platform and exclusive operational entity for related trade business of the China Tobacco Corporation. The company's various business sectors are expected to continue to achieve high-quality growth while remaining stable; at the same time, the company has achieved vertical integration of the supply chain, further enhancing its business profitability and bargaining power. The company is expected to continue to explore opportunities for integrating the industrial chain in the future. In addition, as the global leader in providing atomization technology solutions, SMOORE INTL continues to demonstrate its competitive advantages. In the background of increasing regulatory scrutiny, the industry chain concentration is expected to accelerate.