HK Stock Market Move | SMOORE INTL(06969) rose by nearly 4% in the afternoon, with equity incentives directly anchored to market value. British American Tobacco recently launched new HNB products.

SMOORE INTL (06969) rose nearly 4% in the afternoon, rising 2.71% to HK$12.9 at the time of writing, with a trading volume of HK$250 million. On the news front, on December 27th, SMOORE INTL announced plans to conditionally grant a total of 61 million share options to the company's chairman, executive director, and major shareholder, Mr. Chen Shiping. Shenwan Hongyuan Group pointed out that the performance target is directly anchored to the market value, with an active setting; the target market value for full unlocking is HK$500 billion. As of December 27th, 2024, SMOORE INTL's closing market value was HK$69.6 billion. China Securities Co., Ltd. stated that SMOORE INTL's major client, British American Tobacco, recently launched a groundbreaking new product glohilo in Serbia. The company has been heavily investing in technology research and development in the area of heat-not-burn, and deep cooperation with major clients, and is expected to benefit from the large client's new product launch. UBS, on the other hand, expects British American Tobacco to officially launch this new product in the second half of this year, with actual results possibly not being observed until next year. The bank believes that SMOORE's stock price is overvalued.