Smoore Intl 6969

[winston]

vested

Smoore International 6969.HK

Short positions in Smoore International jumped 44.9% during the week ended May 28
(Figure 4).

The outstanding short positions were equivalent to 2.91% of its free float.

The five-day moving average short-selling amount during the week ended June 4 was
HK$225m, up from HK$169m in the week ended May 28.

Source: CIMB

[winston]

vested

SMOORE INTL(6969)

Analysis：

Smoore (6969.HK) is a global leader in providing atomization technology solutions, including electronic atomization components based on the original design manufacturer “ODM” manufacturing electronic atomization equipment and heat-not-burn “HNB” products.

The company currently operates two business segments:

1) Research, design and manufacture enclosed electronic atomization equipment and electronic atomization components for world`s leading tobacco companies and independent electronic atomization companies.

2) Conduct research on the manufacturing, sales, design and design of own-brand open electronic atomization equipment or advanced private electronic cigarette equipment “APV” for retail customers.

The company announced on July 8, that it expects its interim profit to increase by 34.25 to 37.96 times yoy as of the end of June this year.

Last year, the profit in the same period was 76.661 million yuan, mainly because there were no changes in the fair value of financial instruments and listing expenses during the period.

Strategy：
Buy-in Price: $42.50, Target Price: $50.00, Cut Loss Price: $39.50

Source: Phillips

[winston]

vested

SMOORE INTL Predicts 1H21 Profit to Leap Over 34x

SMOORE INTL (06969.HK) issued a positive profit alert.

The company expected the profit and total comprehensive income for the six months ended 30 June 2021 will increase by approximately 3,425% to 3,796% compared to that for the six months ended 30 June 2020.

This was mainly due to the absence of fair value changes in financial instruments and listing expenses.

Dividend History
Announce Date Event Particular
2021/03/31 Final D:HKD 0.2700
2020/08/24 Interim No Dividend

Source: AAStocks Financial News

[winston]

vested

July 26, 2021

Declining Stock and Solid Fundamentals: Is The Market Wrong About Smoore International Holdings Limited (HKG:6969)?

Smoore International Holdings has a significant three-year median payout ratio of 51%, meaning the company only retains 49% of its income. This implies that the company has been able to achieve high earnings growth despite returning most of its profits to shareholders.

Conclusion
Overall, we are quite pleased with Smoore International Holdings' performance. In particular, its high ROE is quite noteworthy and also the probable explanation behind its considerable earnings growth.

Yet, the company is retaining a small portion of its profits. Which means that the company has been able to grow its earnings in spite of it, so that's not too bad.

Having said that, the company's earnings growth is expected to slow down, as forecasted in the current analyst estimates.

Source: Simply Wall St

https://simplywall.st/stocks/hk/food-be ... rong-a-227

[winston]

vested

1H 2021

Revenue: +79%
Adjusted Net profit: +127%
Net Margin: 43%
EPS RMB0.47

https://www1.hkexnews.hk/listedco/listc ... 901097.pdf

[winston]

vested

SMOORE INTL Envisions Medical Atomization Gear to Ripen Next 3-5 Yrs

SMOORE INTL (06969.HK) is ambitiously scouting the application of atomization technology in medical care and beauty industries, said Chairman Chen Zhiping.

After more than four years of research, the company is now exploring the integration of the equipment and drugs, hopeful of reaping fruits in next 3-5 years.

In 1H21, RMB236 million was invested, accounting for about 3.4% of revenue, against nearly RMB420 million for the whole of last year, the Chairman revealed.

During the period, four new basic research institutes were established in the United States and Shenzhen, with the annual R&D expenditure expected to exceed the level of last year.

Source: AAStocks Financial News

[winston]

vested

What are the risks when investing in Smoore

The first is that Smoore’s main income comes from overseas sales, so the company has exchange rate fluctuations and trade friction risks.

Mainly sold to the United States and European countries.

From 2016 to 2019, the company’s main operating income mainly comes from China, the United States and other regions.

Although the proportion of China’s income is increasing, it will only be 21% by 2019, and the income of the United States and other regions will still account for 79% by 2019.

Second is the dependence on overseas distributors.

The company has 260 distributors worldwide, mainly in the United States, France and the United Kingdom.

From 2016 to 2019, the revenue generated by the company’s distribution model accounted for 26.9%, 44.4%, 50.4% and 31.0% of the company’s total revenue.

The third is the risk of excessive concentration of customers.

From 2016 to 2019, the company’s top five customers accounted for 73.7%, 65.6%, 55.3%, and 63.0% of the company’s total revenue respectively.

And among the top five customers in 2019, four of them are overseas customers, whose revenue accounts for 51% of the company’s total revenue in 2019.

The fourth is policy risk.

The company has 21% of its income from domestic.

Source: VAPE HK

https://vape.hk/risks-invest-smoore/

[winston]

vested

Smoore complains to US on copyrights

by Karen Ng 15 Oct 2021

Chinese e-cigarette device maker Smoore International (6969) filed a complaint to the United States International Trade Commission against 38 American and Canadian enterprises and individuals for copyright infringement.

The vaping device manufacturer said the alleged parties violated section 337 of the Tariff Act of 1930, in which certain products, oil-vaping cartridges and components contain the same features as Smoore's products.

The alleged parties have infringed three patents and one trademark right of Smoore's exclusive FEELM ceramic coil conductor technology, according to the state-controlled National Business Daily.

It is the first time a China-based company is the sole complainant of a section 337 complaint to international enterprises, National Business Daily reported.

Smoore requests the commission issue a limited exclusion order to US customs to ban the importation of the alleged products to the United States, and cease and desist orders to prohibit the sale of the infringing products in the country.

Source： The Standard

https://www.thestandard.com.hk/section- ... copyrights

[winston]

not vested

CICC: US Approves 1st Batch of E-cigar PMTA; SMOORE INTL (06969.HK) Favored by Higher Threshold

U.S. FDA authorized on 13 October the legal sale of three Vuse Solo closed electronic nicotine-delivery devices under R.J. Reynolds in the U.S. market, meaning they are the first to be approved by the FDA through the Premarket Tobacco Product Application (PMTA) process.

This marked a milestone for the e-cigarette industry, opined CICC.

Such PMTA approval will raise the e-cigarette sector threshold, hopefully benefiting the core supplier SMOORE INTL (06969.HK).

SMOORE INTL was rated Outperform at a $74 target.

Source: AAStocks Financial News

[winston]

not vested

CICC: SMOORE INTL (06969.HK) Can Grow Rapidly on 4 Key Edges; TP $61

Vape-concept players rallied this morning (23rd), where HUABAO INTL (00336.HK) spiked over 16% and SMOORE INTL (06969.HK) once jumped 14.5%, to peak at $46.85.

CICC invited SMOORE INTL's international management to the annual strategic meeting, according to the former's report last week.

The broker cited four key advantages of the Chinese e-cigarette device maker -- patent system, production capacity scale, product quality and customer edges, adding the firm's continuously rapid growth will be expectable.

CICC maintained SMOORE INTL's Outperform rating and its price target at $61, implying potential room for a 49.5% upside.

CICC pointed out that SMOORE INTL continues to facilitate customers' new product development with pioneering technology, and cooperate with customers at home and abroad in depth to help seize the market.

Source: AAStocks Financial News