CTIHK (06055) Shares Rise Over 4% Again as New Board Chairman Takes Office, Expected to Lead Company into a New Development Phase

Stock News10-23 09:44

According to Zhitong Finance APP, CTIHK (06055) shares rose more than 4% again. As of press time, the stock was up 4.12% at HK$26.26, with a turnover of HK$13.1742 million.

On the news front, Mr. Li Bin has been appointed as the company's Board Chairman and Non-Executive Director, effective from September 30, 2026. Guotai Haitong Securities noted that Li Bin has served as Chairman of China Tobacco International Group Co., Ltd., and General Manager and Director of China Tobacco International Co., Ltd. since July 2026. This appointment to the listed entity is expected to further promote CTIHK's efforts to consolidate and enrich its business market layout and open up growth space.

CSC Securities published a research report stating that in the first half of the year, external factors put pressure on the company's operations. As domestic duty-free cigarette exports gradually recover from the second half of 2026 and gross margins improve, the company's operating fundamentals may see improvement in 2027. Looking ahead, the company adheres to its core positioning as a main entity for international market expansion and an investment and financing platform, advancing both organically and through external expansion, and is optimistic about steady long-term growth.

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