China Tobacco International (HK) Co (HK:6055) has released an update.
Don’t Miss TipRanks’ Half-Year Sale
- Take advantage of TipRanks Premium at 50% off! Unlock powerful investing tools, advanced data, and expert analyst insights to help you invest with confidence.
- Make smarter investment decisions with TipRanks' Smart Investor Picks, delivered to your inbox every week.
China Tobacco International (HK) Co anticipates a robust financial performance for the first half of 2024, projecting at least a 10% increase in revenue and a 30% rise in profits compared to the same period last year. This positive outlook is credited to the company’s strategic adjustments in its cigarette export portfolio, seasonal variations boosting tobacco leaf product imports, and effective sourcing and pricing for its tobacco leaf export business. Investors are advised to await the forthcoming detailed interim results before making any trading decisions.
For further insights into HK:6055 stock, check out TipRanks’ Stock Analysis page.