06055 CTIHK
- 24.900
- -0.900-3.49%
CTIHK News
CTIHK expects an annual net profit increase of at least 30%, yet the stock price has fallen instead of rising.
① What are the reasons for the significant increase in CTIHK's annual Net income expectations? ② How do Institutions view the company's performance?
In the "Big Bank," CITIC Securities raised the Target Price for CTIHK (06055.HK) by 46% to 28 yuan with a rating of "Neutral."
CICC published a research report, maintaining a "Neutral" rating on CTIHK (06055.HK), noting that the company recently issued a profit warning, forecasting that the net profit for the fiscal year 2024 will increase by no less than 30% year-on-year, in line with the firm's expectations. CICC expressed a bullish outlook on the synergy between the organic growth and external expansion of CTIHK's business, believing that CTIHK possesses exclusive licenses and serves as the international capital operation platform of China Tobacco Group, thus having rare value. Currently, the profit forecast remains unchanged, but due to adjustments in business prospects and market risk preferences, the target price has been raised by 46% to 28 yuan, corresponding to an estimated PE for the coming two years.
China Tobacco International Forecasts Rise of 30% or More in 2024 Profit
CTIHK (06055.HK) announced an earnings upgrade, expecting the annual profit attributable to equity holders to increase by no less than 30%.
On December 16, Glonghui announced that CTIHK (06055.HK) anticipates growth in profits attributed to shareholders of no less than 30% for the year ending December 31, 2024, compared to 2023 due to deepening existing Business, striving to explore new Business opportunities, and continuously enhancing overall profitability. The main reasons for the anticipated increase in profits attributed to shareholders for this year compared to 2023 are as follows: (1) In the tobacco leaf import Business, the proportion of high gross margin Brazilian tobacco leaf products arriving at the port this year has increased compared to the same period last year, coupled with an overall increase in sales prices, resulting in this Business.
CTIHK: POSITIVE PROFIT ALERT
Hong Kong stocks fluctuating | ctihk (06055) is currently up over 4%. Institutions state that the company is expected to continue integrating resources from the ctihk group as a listed platform.
ctihk (06055) has risen over 4%, as of the time of publication, it increased by 3.02%, trading at 27.25 HKD, with a transaction volume of 31.6967 million HKD.
ctihk (6055.HK): Strengthening foundations and promoting new initiatives, there is great potential for internationalization.
Report introduction: The company is supported by china tobacco, and its business is mostly conducted through exclusive operation. High barriers provide performance certainty, and the increase in tobacco products exports and potential future mergers and acquisitions are expected to unleash flexibility. This is the first coverage, and a shareholding rating is given. Investment should be considered.
GTJA: First gives CTIHK (06055) a "Shareholding" rating with a Target Price of 32.4 Hong Kong dollars.
Gtja stated that considering the diverse overseas operations of China Tobacco International, ctihk is expected to continue integrating the resources of the China Tobacco International as a listing platform.
Express News | Guotai Junan i Holdings Limited resumes tracking ctihk, rating is overweight.
Hong Kong stock market midday review | The three major indexes rebounded after testing the lows, with the Hang Seng Index rising by 0.36%; biomedical stocks were strong, with Global New Materials up over 11% and wuxi apptec up over 5%.
Network technology stocks showed mixed performance, with Bilibili-W up 2.39% and Meituan-W down 2.33%; semiconductor stocks generally fell, with Ingdan dropping 3.70% and Solomon Systech down 2.04%; electrical utilities stocks strengthened, with CGN Power up 3.09% and CKI Holdings up 3.08%.
Hong Kong stocks movement | ctihk (06055) rises by nearly 3% after signing a new agreement for tobacco leaf exports, elevating the annual limit to 87.76 million Hong Kong dollars.
ctihk (06055) rose nearly 3%, as of the time of writing, it has increased by 2.62%, priced at 25.5 Hong Kong dollars, with a transaction amount of 43.0337 million Hong Kong dollars.
Bought continuously for 13 days! Southbound funds, sweeping up 93 billion Hong Kong dollars.
Despite the recent poor performance of the Hong Kong stock market, the enthusiasm of net capital inflows from the south to buy Hong Kong stocks has not diminished. Southbound funds have been net buying Hong Kong stocks for 13 consecutive trading days, with a total net purchase amount of nearly 93 billion Hong Kong dollars.
This week's Hong Kong stock bull | AI marketing concept + Q3 performance exceeds expectations! Mobvista surged over 73% this week; institutions continue to endorse it after earnings! Kingsoft Cloud has accumulated more than 27% increase this week.
This week, the Hang Seng Index fell by 1.01% to 19,229.97 points; during the same period, the Hang Seng Tech Index fell by 1.89% to 4,246.2 points; the Hang Seng China Enterprises Index fell by 1.33% to 6,887.05 points during the same period.
China Tobacco International (HK) EGM Resolutions Passed
Breaking news: ctihk rose more than 5% to a record high, boosted by tobacco price hikes and resumption of cigarette exports, with potential for mergers and acquisitions.
ctihk (06055) rose over 5% during the trading session, reaching a new high of 28.4 HKD since its listing, with a year-to-date increase of more than 200%. As of the time of writing, it is up 4.09%, priced at 28 HKD, with a transaction amount of 0.13 billion HKD.
Hong Kong stock market anomaly | ctihk (06055) rose more than 10% intraday, with the stock price nearly doubling since the beginning of the year. institutions are bullish on its performance and valuation improvement.
ctihk (06055) rose over 10% during intraday trading, reaching a high of 24.35 Hong Kong dollars, hitting a new high since August 2019, with the stock price nearly doubling year to date. As of the time of writing, it is up 8.43% at 23.8 Hong Kong dollars, with a turnover of 0.101 billion Hong Kong dollars.
This week's Hong Kong stock bull stocks | Technology boom suddenly swept the market! Semiconductor Manufacturing International Corporation surged nearly 20% during the week; a series of bullish policies have been introduced this year, with Zai Lab leading
This week, the Hang Seng Index fell by 2.11% to 20,804.11 points; during the same period, the Hang Seng Tech Index fell by 2.86% to 4,600.85 points; the Hang Seng China Enterprises Index fell by 1.95% to 7,471.95 points during the same period.
[Brokerage Focus] Minsheng Securities first initiated a 'recommended' rating on ctihk (06055), indicating that there is significant room for improvement in its performance and valuation.
Jingu Financial News | Minsheng Securities issued a research report indicating that ctihk (06055) performance belongs to a company with a bottom and room for imagination. From the bottom line performance, as the allocation of China Tobacco's overseas business (90% from related party transactions in 2023), ctihk's current revenue has reached the hundred billion level. In 2023, only China Tobacco import and export business total about 20 billion yuan in scale, plus the overseas assets of local China Tobacco, ctihk serves as China Tobacco's overseas asset integration platform, currently undergoing a transition from tobacco trader to tobacco leaf production & cigarette production. Focus on the injection of overseas tobacco planting and processing links and overseas cigarette production links.
ctihk (6055.HK) in-depth report: The future is here, carrying the grand narrative of the tobacco 'national team' going overseas.
Viewing the differences in the research paradigms of Chinese tobacco from the perspective of the dichotomy of domestic and foreign tobacco. On the one hand: tobacco taxation accounted for approximately +7% of domestic fiscal revenue in 2023. Against the backdrop of current economic pressure, domestic new tobacco policies are relatively conservative; in contrast, in Europe and America, accompanied by 2023 effects
Hong Kong stock market midday review | Surging momentum! The Hang Seng Index soared by over 4%, the Heng Seng Index rose by over 3%; network technology stocks, mainland real estate stocks, and major financial stocks all rose, jd.com surged by over 7%, and
Network technology stocks rose across the board, JD.com-SW rose by 7.34%, Netease-S rose by 4.60%; the performance of alcoholic beverage stocks was impressive, Zhenjiu Lidu rose by 7.33%, China Res Beer rose by 6.44%; securities and brokerage stocks rose, Holly Futures rose by 17.11%, China International Capital Corporation rose by 8.01%;
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