SMOORE INTL Rises Over 5% in Morning Session, Q3 Sees New HNB Partnership and U.S. Flavored Vape Launch

Stock News11-03 11:10

SMOORE INTL (06969) rose more than 5% in morning trading. As of press time, the stock was up 3.85% at HK$8.77, with a turnover of HK$22.83 million.

On the news front, British American Tobacco's four flavored products have officially launched, with plans to distribute to approximately 25,000 retail outlets in September and add another 25,000 in November. SMOORE INTL is expected to have completed deliveries of new products in Q3. As of September, Glo's market share in Japan's premium HNB segment stood at approximately 3.5%.

Additionally, according to an announcement, the company established a partnership with a new tobacco client in Q3, providing comprehensive HNB solutions. Huatai Securities noted that looking ahead, global regulatory policy changes are expected to benefit compliant industry leaders, and the company's core atomization business is poised to gain; the HNB business is steadily advancing its "multi-client plus multi-product" commercialization platform layout; the firm remains bullish on the platform value of the company's atomization technology and heated tobacco technology solutions, maintaining a "Buy" rating.

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