HK Stock Market Move | SMOORE INTL (06969) rose nearly 10%, with global tobacco giant's profit outlook exceeding expectations. The company continues to expand its involvement in the atomization application field.

SMOORE INTL (06969) rose nearly 10%, as of the time of writing, it increased by 9.83%, reaching 13.86 Hong Kong dollars, with a trading volume of 3.43 billion Hong Kong dollars. On the news front, global tobacco giant Philip Morris saw its stock price surge nearly 11% on Thursday, with the company's fourth quarter adjusted earnings per share at $1.55, higher than analysts' expectations of $1.50 per share. Revenue was $9.71 billion, higher than the expected $9.44 billion. The quarterly shipments of its smoke-free business of heated tobacco and oral smokeless products exceeded 40 billion units for the first time this year, with smoke-free business revenue expected to grow by 14% by 2024. Sealand previously pointed out that SMOORE INTL, as a leading global provider of atomization technology solutions, maintains high levels of research and development investment and continuously expands into the atomization application field. With a large amount of technical accumulation, the company currently has technical brands (FEELM, CCELL, METEX, etc.) and proprietary brands (VAPORESSO, AUXO, MOYAL, etc.). The company's ceramic core has a first-mover and technological advantage, leveraging customer experience; relying on the Metex platform to deepen the HNB patent, the company's major customer British American Tobacco is set to launch the HNB new product Glo Hilo in Serbia by the end of 2024, with the expansion of future markets potentially bringing substantial performance elasticity for SMOORE.