HK Stock Market Move | SMOORE INTL(06969) Rises Over 5% Again, Company Deeply Tied to Top Brand Merchants, Expected to Significantly Benefit from Expansion in the US Compliance Market.

SMOORE INTL (06969) rose more than 5% again, with a rebound of over 20% in the past four trading days. As of the time of writing, it rose by 5.64% to HK$11.62, with a turnover of HK$1.45 billion. On the news front, on October 16th, SMOORE INTL's major customer British American Tobacco held a capital market exchange day event, where British American Tobacco not only reiterated its goal of becoming a smoke-free company by 2035 (i.e. fully becoming a new type of tobacco company), but also shared the latest developments in new tobacco-related products, sending positive signals for future development. Sinolink pointed out that Trump nominated Kennedy as the Secretary of Health and Human Services, responsible for managing the FDA, and Kennedy's stance on regulating e-cigarettes is unclear; Mist Core Technology's third-quarter revenue was 760 million yuan, a year-on-year increase of 51.6% and a month-on-month increase of 20.6%. The bank pointed out that SMOORE, deeply integrated with top brands, will greatly benefit from the expansion of the legal market in the United States (currently, the illegal market accounts for over 70% of the overall sales of vaping products), and expectations are high for the development of the HNB business.