China Tobacco Hong Kong (06055) is now up nearly 6%. As of press release, it has risen 5.67% to HK$11.56, with a turnover of HK$15.468,600.
The Zhitong Finance App learned that China Tobacco Hong Kong (06055) is now up nearly 6%. As of press release, it has risen 5.67% to HK$11.56, with a turnover of HK$15.468,600.
According to news, on April 8, China Tobacco Hong Kong and Sichuan China Tobacco signed the “Great Wall” Cigar Strategic Cooperation Memorandum. The two sides will give full play to their respective advantages and explore cooperation models such as overseas brand licensing and overseas production licensing to promote the rapid development of “Great Wall” cigar products in overseas markets. According to reports, Sichuan Tobacco launched the “311 Project” before this, and it took 10 years for the “Great Wall” brand value to enter the top three cigar brands in the world. The sales volume of handmade cigars exceeded 100 million units, ranked first in the world for single products, and the sales revenue of standard cigars reached 10 billion yuan.
Tianfeng Securities believes that the company is an international business development platform designated by China Tobacco Corporation and the exclusive operating entity for related trade business. In the future, it will seize opportunities for domestic cigar demand growth, optimize the procurement model for cigar raw materials, and actively explore taxable cigarette business development models to expand the scale of its own business, and its profitability is expected to further improve.