CICC: Maintains China Tobacco International (06055.HK) Outperform Rating, Lowers Target Price to 30 Hong Kong Dollars

According to the Zhixin Finance APP, Citic Securities released a research report stating that due to the impact of the pace of tobacco leaf imports and cigarette exports, the net profit forecast for China Tobacco Hong Kong (06055.HK) for 2026/27 has been lowered by 15%/14% to HK$0.89/1.15 billion. The current stock price corresponds to a P/E ratio of 16/13 for 2026/27. The industry outperform rating is maintained, considering the adjustment of profit forecasts and market risk preference. The target price has been lowered by 30% to HK$30, corresponding to a P/E ratio of 23/18 for 2026/27, with 44% upside potential.