HK Stock Market Move | SMOORE INTL (06969) fell more than 4% in trading, with the possibility of domestic relaxation of HNB and oral tobacco. The market is paying attention to tobacco tax reform.

Intraday, SMOORE INTL (06969) fell more than 4%, as of the time of publication, it has dropped 3.76% to 8.19 Hong Kong dollars, with a turnover of 61.45 million Hong Kong dollars. On the news front, the mandatory national standards for "Heated Tobacco Products" and "Nicotine Pouches" ended public consultation on May 7th, officially entering the standard-setting period. Sinolink pointed out that if the standards are gradually implemented, pilot arrangements, tax policies, and channel support for HNB and oral tobacco industries may see a phase of catalysis. In addition, the reform of China's tobacco tax system is once again drawing attention. If in the future, HNB products are priced and taxed as higher-end products, it may become an important supplement to stabilizing tobacco tax profits.