HK Stock Market Move | SMOORE INTL (06969) stock rises more than 4% as domestic regulations on electronic cigarettes gradually improve. The company's aerosol electronic cigarette business sector is steadily recovering.

SMOORE INTL (06969) rose by more than 4%, reaching a 4.50% increase by the time of drafting, at HK$10.68, with a trading volume of HK$1.04 billion. On the news front, recently, the State Tobacco Monopoly Administration issued a notice on revising and issuing the Electronic Cigarette Trading Management Regulations. It mentions the establishment of a national unified electronic cigarette trading management platform by the administrative authority of the State Tobacco Monopoly. Various types of electronic cigarette market entities that have obtained a tobacco monopoly license should conduct transactions through the platform. Caitong pointed out that the gradual improvement of domestic electronic cigarette regulations will promote the orderly and standardized development of the market. In the long run, non-compliant products will gradually be eliminated, market share is expected to further consolidate, benefiting production, brands, and other advantages of leading companies in various links. Huatai noted that recently, boosted by the overseas interest rate cuts and the warming sentiment in the Hong Kong stock market, the leading vaporization device company SMOORE INTL's stock price has been boosted again. The company's traditional vaporized electronic cigarette business is steadily recovering, and H2 of 24H is expected to see a turning point in operations. Meanwhile, non-combustible heating, medical vaporization, and other businesses are steadily progressing as medium- to long-term strategic initiatives, with a smooth long-term growth logic. Additionally, Huaan pointed out that the company's layout in vaporized medical/beauty/HNB businesses is expected to gradually enter a volume expansion stage, providing new performance increments.