HK Stock Market Move | CTIHK(06055) rose over 4% in the afternoon, with the company significantly increasing its tobacco purchasing limit to expand into new markets such as Southeast Asia.

CTIHK (06055) rose more than 4% in the afternoon, up 4.23% at the time of publication, reporting HKD 42.36 with a turnover of HKD 47.4351 million. In terms of news, recently, CTIHK signed a tobacco sales framework agreement with Leaf Trading. The annual trading limits for the years 26-28 are 6.7/8.4/9.8 million HKD respectively. They also signed a framework agreement with China Tobacco International (North America) for the export of tobacco products to new regions, with an increase in the annual trading limits. After the increase, the limits for 26/27 years are 4.66/4.90 billion HKD, representing a 538.4%/456.8% increase from before. Cinda believes that CTIHK's significant adjustment in trading limits this time demonstrates the company's high confidence in future related business growth. In addition, the company mentioned that after signing the procurement agreement, it will bring constructive supplements to the export of tobacco products to Southeast Asia, help diversify customer structure, and attract more potential buyers from a wider range of regions. It is expected that by binding high-quality raw material supply, the company will gradually move out of its exclusive sales region, with the growth ceiling continuously rising.