** Shares of Smoore International Holdings Ltd drop 3.6% to HK$4.77, their lowest level since July 2020 debut; on track for fourth straight session of decline
** The vaping device maker estimates its 2023 net profit to drop 27.9%-41% YoY, citing shrinking revenue from the mainland China market
** Shares of rivals also fall with China Boton Group
down 9%, Huabao International falling 1.8% and China Tobacco International slipping 0.2%
** Hang Seng Consumption Index sheds 1.5%, while Hang Seng Composite Index and Hang Seng Index both drop 1.1%
** Smoore shares down ~27% YTD
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
Comments