HK Stock Market Move | CTIHK(06055) rose by over 7%, with the net profit for the previous year expected to increase by over 30% compared to the same period last year. The franchise operation rights have laid a solid foundation for the company's performance.

CTIHK (06055) rose by more than 7%, up 7.65% as of the time of reporting, to HK$28.85, with a trading volume of HK$1.14 billion. On the news front, CTIHK previously announced a profit increase, forecasting that its net profit for 2024 will increase by no less than 30% year on year. Zhongjin stated that this meets expectations, and the bank is optimistic about the synergy between CTIHK's internal growth and external expansion, believing that CTIHK, with its exclusive license as an international capital operation platform under China Tobacco Group, has unique value. Sinolink pointed out that the franchise rights lay the foundation for the company's performance, with attributes of scarcity and certainty. In terms of tobacco import and export business, an increase in both import volume and price can still be expected, and expansion of export regions will provide incremental growth. In terms of cigarette export business, sales volume growth has dual drivers, with potential for profit elasticity. In the new tobacco business, HNB products are in a period of development dividend, with product enhancement and regional expansion facilitating accelerated development.