HK Stock Market Move | CTIHK(06055) to rise by more than 5%, with expected annual net profit to increase by more than 30% year-on-year. The company is expected to gradually integrate various overseas resources of China Tobacco.

CTIHK (06055) rose by more than 5%, as of the press release, it rose by 3.48% to HKD 29.75, with a turnover of HKD 63.2193 million. On the news front, CTIHK is expected to release its full-year performance on March 31. The company previously announced a profit alert, expecting a profit increase of not less than 30% for the year ending December 31, 2024 compared to 2023, due to deepening existing businesses, efforts to explore new businesses, and continuously enhancing overall profitability. Huaan pointed out that CTIHK is the designated overseas platform responsible for capital market operations and international business expansion for China Tobacco International, carrying out the globalization mission of China Tobacco. From a safety margin perspective, the company's tobacco import and export business serves as the core under the franchise operation rights, the business model determines stable profitability, excellent cash flow, and provides new growth points for cigarette and new tobacco exports. With the continuous stable growth of the global tobacco market, accompanied by an increase in CKH HOLDINGS company shares, the company's performance is expected to continue to grow steadily. In the long-term, CTIHK carries the strategic responsibility for China Tobacco's overseas business, gradually concentrating and integrating various overseas resources of China Tobacco to become a more competitive market participant in the global tobacco industry.