HK Stock Market Move | CTIHK(06055) rose nearly 5%, institutions are optimistic about its performance, and believe there is significant room for improvement in its valuation.

CTIHK (06055) rose by nearly 5%, as of the time of reporting, it increased by 4.7% to 25.6 Hong Kong dollars, with a turnover of 82.9759 million Hong Kong dollars. In terms of news, Tianfeng pointed out that with the continuous recovery of overseas duty-free passenger flow and the continuous development of new tobacco business, the company's various business sectors are expected to continue to achieve high-quality growth steadily. Minsheng Securities issued a research report stating that the current revenue of CTIHK has reached a hundred billion level, and the total of China Tobacco's import and export business is about 20 billion yuan in 2023. In addition to the overseas assets of local Chinese tobacco companies, CTIHK is currently undergoing a transition from a tobacco trading company to a tobacco production & cigarette production platform. We are paying attention to the progress of overseas tobacco planting and processing links and overseas cigarette production links. Compared with domestic and foreign tobacco industry chain companies, there is still a lot of room for improvement in the performance/valuation of CTIHK.