HK Stock Market Move | CTIHK(06055) has risen by over 6%. The annual performance will be announced this week, and the company expects annual net profit to increase by over 30% year-on-year.

CTIHK (06055) rose by more than 6%, as of the time of writing, it increased by 6.1% to HK$26.95, with a turnover of HK$68.6288 million. On the news side, CTIHK will hold a board meeting on March 6 (this Friday) to consider and approve the publication of the full year performance of the company and its subsidiaries for the year ending December 31, 2024, and to consider the distribution of final dividends (if any). The company previously announced a profit warning, expecting a profit increase of not less than 30% for equity holders compared to 2023, due to its deepening of existing businesses, efforts to develop new businesses, and continuous enhancement of overall profitability. Huaan pointed out that from a safety margin perspective, the company's tobacco import and export business is the cornerstone under the franchise, with a stable profitability determined by its business model and excellent cash flow. The export of cigarettes and new tobacco products provides growth points, and with the global tobacco market steadily increasing CKH HOLDINGS company's share, the company's performance is expected to continue to grow steadily. Looking ahead, CTIHK bears the strategic responsibility of China Tobacco's overseas business and will gradually concentrate and integrate various overseas resources of China Tobacco, becoming a more competitive market participant in the global tobacco industry.