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06055

China Tobacco International Signs Framework Tobacco Sales Deal With Leaf Trading

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CTIHK

China Tobacco International Signs Framework Tobacco Sales Deal With Leaf Trading

China Tobacco International signed a framework agreement with China Tobacco International (North America) to expand its tobacco leaf export business and revise the annual transaction limits. This move aims to meet the growing international demand in new regions and support the company's export business expansion. China Tobacco International (North America) is a subsidiary of China National Tobacco Corporation, holding approximately 72.29% of China Tobacco International's shares

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CTIHK expands tobacco leaf export business to new regions

China Tobacco International (HK) Co (HK:6055) has announced an increase in annual caps for exporting tobacco leaf products, following the addition of CTI North America as a related-party supplier. This decision aims to meet rising international demand and expand the company's market presence. The transactions are classified as continuing connected transactions, exempt from independent shareholders' approval under Hong Kong listing rules. Analysts rate the stock as a Buy with a target price of HK$45.00. The company is controlled by China National Tobacco Corporation, holding approximately 72.29% of its shares.

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China Tobacco International (HK) Raises Caps on Connected Tobacco Leaf Export Deals After Adding North American Unit

CTIHK's stock price rose more than 6% in the afternoon, reaching HKD 46.7, with a transaction volume of HKD 223 million. Guojin Securities pointed out that British American Tobacco's glo series will be launched in Italy and Poland, with positive market feedback. CTIHK's core business includes tobacco leaf import, export, and cigarette export, and it is expected that revenue and profit will grow steadily in the first half of 2025, continuing to promote international business expansion in the future

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Understanding the Market | CTIHK rose over 6% in the afternoon, the glo series will be launched in Italy and Poland, institutions are optimistic about the company's overseas strategic positioning

Xingzheng International gives CTIHK a "Buy" rating, expecting operating revenues of HKD 15.39 billion and HKD 16.47 billion for 2025/2026, and net profits attributable to the parent company of HKD 946 million and HKD 1.063 billion respectively. The company's interim dividend per share is HKD 0.19, a year-on-year increase of 26.7%. The three core businesses contribute the main revenue and profits, with the revenue from the import business of tobacco leaf products reaching HKD 8.399 billion, a year-on-year increase of 23.5%

Xingzheng International: Assigns "Buy" rating to CTIHK with stable dividend growth

CTIHK's stock price rose more than 4% in the morning session, reaching a new high of HKD 45.18. The company recently signed exclusive global agency agreements for "Huanghelou" and "Taishan" cigars with Hubei Tobacco and Shandong Tobacco, promoting the global sales of Chinese cigars. Huazhang Securities pointed out that the company's business expansion in international markets and stable profitability will support its continuous performance growth

Understanding the Market | CTIHK rises over 4% to reach a new high, recently signing exclusive agency agreements for Huanghelou and Taishan cigars in the global market

CTIHK rose 7.84%; Hong Kong Robot rose 0.70%, with a transaction volume of HKD 407,900; Zhonggang Photography fell 3.91%, with a transaction volume of HKD 2,460; INTL GENIUS had a transaction volume of HKD 870; Chen Chang International's market value reached HKD 3.161 billion

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Hong Kong Stock Movement: CTIHK rises 7.84%

CTIHK has signed an exclusive distribution agreement for Huanghelou cigars in the global market with Hubei Zhongyan, and an exclusive agency agreement for Taishan cigars in the global market with Shandong Zhongyan, further promoting the construction of a global sales platform for Chinese cigars. The agreement expands the exclusive distribution scope to the global market (excluding mainland China), marking an important progress in the company's layout in the global market for Chinese cigars, and is expected to broaden development space and cultivate new profit growth points

CTIHK signed an exclusive distribution agreement for Huanghelou cigars with Hubei Zhongyan and an exclusive agency agreement for Taishan cigars with Shandong Zhongyan

CTIHK rose nearly 7% in late trading, reaching a high of HKD 42.2, setting a new historical high. As of the time of publication, it was up 6.68%, reported at HKD 42.14, with a trading volume of HKD 164 million. On the news front, CTIHK recently released its interim results, with revenue of HKD 10.316 billion, an increase of 18.52% year-on-year; profit attributable to shareholders was HKD 706 million, an increase of 9.79% year-on-year; and it proposed an interim dividend of HKD 0.19 per share. The impressive revenue performance is mainly attributed to the company's strong performance in the import and export of tobacco leaves, achieving both volume and price increases in the first half of the year. Huatai Securities believes that the company's exclusive operating position has a strong barrier to entry and enjoys significant bargaining power, with the tobacco leaf import and export business expected to continue steady growth, while emerging businesses such as cigarettes are likely to contribute to performance growth. Tianfeng Securities stated that CTIHK holds exclusive operating rights for related international tobacco businesses. According to Document No. 60 from the China National Tobacco Corporation, CTIHK is the exclusive operating entity designated by the China National Tobacco Corporation to engage in international business expansion and related trade activities. We believe this "exclusive position" is relatively rare and may continue to benefit from CTIHK's overseas expansion and equity mergers and acquisitions in the future

Understanding the Market | CTIHK rose nearly 7% in the afternoon session, with impressive revenue performance in the first half of the year. The company is expected to benefit from China Tobacco's overseas expansion and equity mergers and acquisitions integration

CTIHK announced that it has entered into a framework agreement for the overseas sale of tobacco leaf products. According to this agreement, the group will sell tobacco leaf products to relevant overseas entities under its ultimate controlling shareholder, China National Tobacco Corporation, mainly including tobacco leaves, tobacco stems, tobacco dust, tobacco sheets, and tobacco strips, with a term ending in 2027. The transaction limits for 2026 and 2027 are set at 328 million yuan and 380 million yuan, respectively

CTIHK signs a framework agreement for the overseas sale of tobacco leaf products

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The Hang Seng Index closed at 25,524 points, down 304 points or 1.2%. The Hang Seng Tech Index reported 5,782 points, down 42 points or 0.7%. The total market turnover was HKD 317.871 billion. Among the actively traded blue-chip stocks, Alibaba, China Construction Bank, Ping An, Meituan, and Tencent all fell. CSPC Pharma dropped over 4%, while Zijin Mining, NAGACORP, HUABAO INTL, CHINAGOLDINTL, and CTIHK all reached new highs with strong trading volume

HUABAO INTL

CHINAGOLDINTL

Zijin Mining

ZIJIN MINING

NAGACORP

CSPC PHARMA

According to the "All-Day Express," the Hang Seng Index fell by 304 points; the Hang Seng Tech Index dropped by 42 points. CSPC Pharma fell over 4%. Zijin Mining, NAGACORP, HUABAO INTL, CHINAGOLDINTL, and CTIHK reached new highs with active trading

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The Hang Seng Index closed at 25,773 points, down 56 points or 0.2%; the Hang Seng Tech Index reported 5,840 points, up 15 points or 0.3%. The China Enterprises Index fell 10 points, reporting 9,237 points. Alibaba dropped 1.2%, Meituan fell 1.1%; Xiaomi rose 0.4%, Tencent increased 0.3%. ZHONGSHENG HLDG rose 3.7%, BYD increased 3.5%, and ZIJIN MINING rose 2.4%, reaching a new high. NAGACORP, Hua Bao International, CHINAGOLDINTL, and CTIHK all reached new highs, rising 20.4%, 14.7%, 7%, and 6.8% respectively

ZHONGSHENG HLDG

According to the "Half-Day Express," the Hang Seng Index closed at 25,773 points, down 56 points; the Hang Seng Tech Index closed at 5,840 points, up 15 points. ZHONGSHENG HLDG rose over 3%, while ZIJIN MINING, NAGACORP, HuaBao International, CHINAGOLDINTL, and CTIHK reached new highs

CICC raised the rating of CTIHK to outperform the industry and increased the target price by 37% to HKD 43. Based on the steady growth of tobacco leaf imports and exports and the increase in the self-operated proportion of cigarettes, it is expected that the net profit attributable to the parent company will grow by 5%/8% to HKD 980 million/HKD 1.09 billion in 2025/26. The company's performance in 1H25 exceeded expectations, with revenue increasing by 18.5% year-on-year to HKD 10.32 billion and net profit attributable to the parent company growing by 9.8% to HKD 710 million

CICC: Upgrades CTIHK rating to Outperform Industry, raises target price to HKD 43

CTIHK rose over 9%, reaching a new high of HKD 40.8 since its listing. As of the time of publication, it was up 9.07%, trading at HKD 40.64, with a transaction volume of HKD 181 million. On the news front, CTIHK recently released its interim results, reporting revenue of HKD 10.316 billion, an increase of 18.52% year-on-year; profit attributable to shareholders was HKD 706 million, an increase of 9.79% year-on-year; and it proposed an interim dividend of HKD 0.19 per share. Huatai Securities pointed out that the company's revenue performance in the first half of the year was impressive, primarily benefiting from the excellent performance of its tobacco leaf import and export business, achieving both volume and price increases. Looking ahead, the firm believes that the company's exclusive operating position has a strong barrier, enjoying significant bargaining power, and the main business of tobacco leaf import and export is expected to continue to maintain steady growth, while emerging businesses such as cigarettes are expected to contribute to performance growth. Additionally, as the designated overseas platform for China Tobacco International's capital market operations and international business expansion, there is potential for external expansion. With "internal growth + external expansion" being pursued simultaneously, the growth potential is optimistic, maintaining a "buy" rating

Understanding the Market | CTIHK rises over 9%, stock price hits a new high since listing, with steady growth in performance for the first half of the year

JPCTIHK@EC2610A(25430.HK)

China Tobacco International Signs Framework Tobacco Sales Deal With Leaf Trading

CTIHK expands tobacco leaf export business to new regions

China Tobacco International (HK) Raises Caps on Connected Tobacco Leaf Export Deals After Adding North American Unit

Understanding the Market | CTIHK rose over 6% in the afternoon, the glo series will be launched in Italy and Poland, institutions are optimistic about the company's overseas strategic positioning

Xingzheng International: Assigns "Buy" rating to CTIHK with stable dividend growth