HK Stock Market Move | SMOORE INTL(06969) rises by over 4% now. The company has signed a long-term purchase agreement with Eve Energy Co., Ltd. to ensure the supply of battery cores for electronic cigarette products.

SMOORE INTL (06969) rose more than 4%, up 4.6% at the time of writing, to HK$12.96, with a turnover of HK$1.46 billion. In terms of news, SMOORE INTL recently announced the renewal of a procurement framework agreement with Eve Energy Co., Ltd., effective from January 2026 to December 2028, to procure battery products supplied by Eve Energy Co., Ltd. Huafu Securities pointed out that the formulation of the procurement agreement mainly considers the continuous growth of the global electronic vaping product market, with the company's related product orders expected to continue to increase. The bank pointed out that as international tobacco leader HNB products enter the mainstream market, sales of the company's related new tobacco products in new regions are expected to contribute to incremental growth; the UK and other European regions are expected to shift to more profitable replaceable and open-switching products; enforcement of electronic cigarette regulations in the United States has significantly strengthened, and there is significant room for recovery in the compliant product market share. It is recommended to pay attention to SMOORE INTL as the company's diversified businesses such as electronic vaping, HNB, vaporized beauty, and vaporized medical products gradually enter the harvest period, with various products set to be launched globally, and multiple catalysts on the horizon.