Changes in Hong Kong stocks | E-cigarette concept stocks had the highest increase, China Tobacco Hong Kong (06055) rose more than 6%, and the State Administration issued a document to strengthen e-cigarette supervision in all aspects

The Zhitong Finance App learned that e-cigarette concept stocks had the highest gains. As of press release, China Tobacco Hong Kong (06055) rose 6.13% to HK$34.3; Smore International (06969) rose 4.66% to HK$12.35.

According to the news, the State Administration issued “Opinions on Combating Illegal Tobacco-Related Activities” to comprehensively strengthen the supervision of e-cigarettes and strictly investigate and punish illegal activities such as illegal production, wholesale, transportation, sale of e-cigarettes, and the export and return of e-cigarettes. China Merchants Securities released a research report saying that the tobacco sector continues to be optimistic about the Hong Kong stock Smore International and China Tobacco Hong Kong.

The bank pointed out that the revenue contribution of Smore International's HNB business is gradually reflected, and the BAT exchange data is quite optimistic. With the launch of new products in Q4 in Europe and the repurchase of cigarettes and ammunition from existing customers, the main atomization business is relatively stable. Europe has shown the concentration of shares brought about by regulatory clearance, and US regulations are gradually being tightened. However, China Tobacco's endogenous growth momentum in Hong Kong is steady. Thanks to the tobacco monopoly system, China Tobacco's main business has deep barriers and strong order planning. At the same time, it also has overseas expansion and growth potential. The company carries China Tobacco's strategic mission of going overseas to become global, and there is room for imagination for epitaxial growth.