HK Stock Market Move | SMOORE INTL(06969) rose over 5% in the afternoon, performance report will be released next Monday, the company is deeply tied with major compliant brands such as VUSE.

SMOORE INTL (06969) rose by over 5% in the afternoon, rising by 5.53% to 12.6 Hong Kong dollars with a trading volume of 2.9 billion Hong Kong dollars as of the time of the report. On the news front, SMOORE INTL will hold a board meeting on March 17 to consider and approve its annual performance. Shenwan Hongyuan Group pointed out that British American Tobacco (BAT) previously released its 2024 financial report, with BAT's vaping product market share leading the way. Tighter regulations are beneficial for increasing Vuse's market share. The heat-not-burn (HNB) industry continues to show good growth, and attention is focused on the performance of BAT's new product GLO HILO. The bank noted that SMOORE is the world's largest electronic vaping device manufacturer, and had revised its equity incentive plan in December 2024, demonstrating long-term operational confidence. SMOORE's closed system electronic vaping devices are deeply tied to compliant major brands like VUSE (owned by BAT). With the stricter regulation of electronic cigarettes in the US, as a leading compliant manufacturer, SMOORE's market share is expected to continue to rise. Additionally, open system electronic vaping devices are experiencing rapid growth. In addition, SMOORE's HNB business, along with the expansion of CKH HOLDINGS's new products for major clients, is also expected to benefit.