Claim 70% Off TipRanks Premium
- Unlock hedge fund-level data and powerful investing tools for smarter, sharper decisions
- Stay ahead of the market with the latest news and analysis and maximize your portfolio's potential
An announcement from China Tobacco International (HK) Co ( (HK:6055) ) is now available.
China Tobacco International (HK) Company Limited has renewed a series of framework agreements governing the sale and purchase of tobacco leaves and related services with Alliance One International and its Brazilian subsidiary, Alliance One Brazil, both of which are connected persons at the subsidiary level via their 49% interest in CBT. The parties signed new 2025 extension agreements to prolong the existing sales and purchase frameworks for three years from 1 January 2026 to 31 December 2028 and to formalise additional terms for procuring services related to the processing and production of tobacco leaf products, while keeping other key terms and pricing policies unchanged. As these arrangements involve connected parties under Hong Kong listing rules, the renewed agreements are classified as continuing connected transactions, underscoring the importance of Alliance One Group as a strategic partner in the group’s tobacco leaf supply chain and the company’s ongoing reliance on this relationship for stable sourcing and processing capacity.
The most recent analyst rating on (HK:6055) stock is a Hold with a HK$36.00 price target. To see the full list of analyst forecasts on China Tobacco International (HK) Co stock, see the HK:6055 Stock Forecast page.
More about China Tobacco International (HK) Co
China Tobacco International (HK) Company Limited is a Hong Kong–incorporated tobacco company engaged in the trading of tobacco leaves and related services, operating within the global tobacco supply chain. Through subsidiaries including CTIB and CBT, it sources, processes and sells tobacco leaf products, working with international partners such as Alliance One International and its Brazilian unit to support its overseas tobacco leaf procurement and processing operations.
Average Trading Volume: 1,717,118
Technical Sentiment Signal: Buy
Current Market Cap: HK$24.55B
Find detailed analytics on 6055 stock on TipRanks’ Stock Analysis page.