not vested
Smoore (6969)
Analysis：
Smoore (6969.HK) operates in two major business segments with its innovative and pioneering vaping technology solutions, including :-
1. Research, design and manufacturing of closed system vaping devices and vaping components for several global leading tobacco companies and independent vaping c ompanies, and
2. Research, design, manufacturing and sale of self-branded open system vaping devices, or APV, for retail clients.
The company's 2021 first-half revenue is approximately RMB 69.5million, up around 79.2% YoY, and net profit has also increased by about 127.5% YoY.
Growth was mainly driven by the company's expansion on corporate and retail customer markets and the improvement of Covid19.
Recently, the State Tobacco Monopoly Administration opened up public consultation on the "Electronic Cigarette Management Measures (Exposure Draft)", aiming to actively promote the regulatory development of the e-cigarette industry by establishing a unified national e-cigarette trading management platform.
Strategy：
Buy-in Price: $51.95, Target Price: $59.00, Cut Loss Price: $47.00
Source: Phillips
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Smoore Intl 6969
Re: Smoore Intl 6969
by winston » Fri Dec 03, 2021 10:27 am
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Smoore Intl 6969
by winston » Wed Jan 05, 2022 1:31 pm
not vested
Daiwa Axes SMOORE INTL (06969.HK) TP to $60, Rated Buy
SMOORE INTL (06969.HK)'s price cratered 12% last two days, which Daiwa believed was tied to the company's business growth guidance revision.
After checking with the management, Daiwa saw no sharp change to SMOORE INTL's market outlook and that its 4Q21 recovery should align with expectation.
The stock price correction has been overdone, offering investors with another good entry point.
The broker noted price catalysts from a likely Premarket Tobacco Product Application (PMTA) approval for 1H22, and China's regulation implementation for 2H. Therefore, SMOORE INTL was reiterated at Buy.
SMOORE INTL's price target was trimmed from $65 to $60. However, the firm should derive sustainable growth from its solid business development abroad.
Source: AAStocks Financial News
Daiwa Axes SMOORE INTL (06969.HK) TP to $60, Rated Buy
SMOORE INTL (06969.HK)'s price cratered 12% last two days, which Daiwa believed was tied to the company's business growth guidance revision.
After checking with the management, Daiwa saw no sharp change to SMOORE INTL's market outlook and that its 4Q21 recovery should align with expectation.
The stock price correction has been overdone, offering investors with another good entry point.
The broker noted price catalysts from a likely Premarket Tobacco Product Application (PMTA) approval for 1H22, and China's regulation implementation for 2H. Therefore, SMOORE INTL was reiterated at Buy.
SMOORE INTL's price target was trimmed from $65 to $60. However, the firm should derive sustainable growth from its solid business development abroad.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Smoore Intl 6969
by winston » Mon Mar 14, 2022 8:56 am
not vested
CLSA Cuts SMOORE INTL (06969.HK) TP to $35, Rated Buy
SMOORE INTL (06969.HK) 's stock price cratered 42% last month due to market sentiment change, regulatory factor and possible competition.
CLSA retained SMOORE INTL's Buy rating, being upbeat on its outlook for 2H22 and the medium term, as well as compelling valuation.
The price target was chopped from $59 to $35 given sentiment change and policy risk.
There have been media speculations that SMOORE INTL is losing its position as the sole FEELM supplier to customers.
The management clarified that SMOORE INTL boasts FEELM patent protection and sole-supply relationship contracts with major clients.
CLSA expected the firm to maintain its core customer stickiness leveraging robust R&D capability and quality.
Source: AAStocks Financial News
CLSA Cuts SMOORE INTL (06969.HK) TP to $35, Rated Buy
SMOORE INTL (06969.HK) 's stock price cratered 42% last month due to market sentiment change, regulatory factor and possible competition.
CLSA retained SMOORE INTL's Buy rating, being upbeat on its outlook for 2H22 and the medium term, as well as compelling valuation.
The price target was chopped from $59 to $35 given sentiment change and policy risk.
There have been media speculations that SMOORE INTL is losing its position as the sole FEELM supplier to customers.
The management clarified that SMOORE INTL boasts FEELM patent protection and sole-supply relationship contracts with major clients.
CLSA expected the firm to maintain its core customer stickiness leveraging robust R&D capability and quality.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Smoore Intl 6969
by winston » Thu Mar 31, 2022 11:48 am
not vested
SMOORE INTL 2021 NP RMB5.287B, Up 120.3%; Final DPS HK18 Cents
SMOORE INTL (06969.HK) announced the annual results for the year ended 31 December 2021.
The revenue rose 37.4% year on year to RMB13.755 billion.
The net profit amounted to RMB5.287 billion, up 120.3% year on year.
EPS was RMB88.54 fen.
A final DPS of HK18 cents per share was declared, brining the full-year DPS to HK39 cents.
Dividend History
Announce Date Event Particular
2021/08/19 Interim D:HKD 0.2100
2021/03/31 Final D:HKD 0.2700
2020/08/24 Interim No Dividend
Source: AAStocks Financial News
SMOORE INTL 2021 NP RMB5.287B, Up 120.3%; Final DPS HK18 Cents
SMOORE INTL (06969.HK) announced the annual results for the year ended 31 December 2021.
The revenue rose 37.4% year on year to RMB13.755 billion.
The net profit amounted to RMB5.287 billion, up 120.3% year on year.
EPS was RMB88.54 fen.
A final DPS of HK18 cents per share was declared, brining the full-year DPS to HK39 cents.
Dividend History
Announce Date Event Particular
2021/08/19 Interim D:HKD 0.2100
2021/03/31 Final D:HKD 0.2700
2020/08/24 Interim No Dividend
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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Re: Smoore Intl 6969
by winston » Thu Apr 07, 2022 10:58 am
not vested
CLSA Lowers SMOORE INTL (06969.HK) TP to $25, Rated Buy
2022/04/06
SMOORE INTL (06969.HK)'s overseas business will likely remain the major growth driver and offset the weakness in the domestic China market over 2022, reported CLSA.
Following the introduction of the domestic e-cigarettes policy in China and the company's 2021 result announcement, the broker forecast a CAGR of up to 29% for SMOORE INTL's overseas business in FY21-24 and predicted its China business to decline by 44% in FY22.
CLSA restated the Buy rating for SMOORE INTL, with its target price chopped from $35 to $25.
The FY22-23E revenue for the company were also cut by 7-9% to factor in the potential policy impact on China business.
The FY22-23E adjusted earnings were reduced by 27-29% due to the higher R&D expense ratio and GPM contraction amid a product mix shift.
Related News: BofAS Drops SMOORE INTL (06969.HK) TP to $40, Rated Buy
Source: AAStocks Financial News
CLSA Lowers SMOORE INTL (06969.HK) TP to $25, Rated Buy
2022/04/06
SMOORE INTL (06969.HK)'s overseas business will likely remain the major growth driver and offset the weakness in the domestic China market over 2022, reported CLSA.
Following the introduction of the domestic e-cigarettes policy in China and the company's 2021 result announcement, the broker forecast a CAGR of up to 29% for SMOORE INTL's overseas business in FY21-24 and predicted its China business to decline by 44% in FY22.
CLSA restated the Buy rating for SMOORE INTL, with its target price chopped from $35 to $25.
The FY22-23E revenue for the company were also cut by 7-9% to factor in the potential policy impact on China business.
The FY22-23E adjusted earnings were reduced by 27-29% due to the higher R&D expense ratio and GPM contraction amid a product mix shift.
Related News: BofAS Drops SMOORE INTL (06969.HK) TP to $40, Rated Buy
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 112616
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Re: Smoore Intl 6969
by winston » Thu Apr 07, 2022 11:02 am
not vested
BofAS Drops SMOORE INTL (06969.HK) TP to $40, Rated Buy
2022/04/04
SMOORE INTL (06969.HK)'s 2021 results were largely in line with the previous profit alert, while the company's overseas operations, especially in the U.S., decelerated in 2H21, reported BofA Securities.
The sales volume of SMOORE INTL in the China market was projected to fall drastically this year, with the BAT in the overseas markets becoming a key growth driver, given the company's target to double its novel tobacco sales by 2025.
While predicting the company's net profit margin to be under pressure in near-term, BofA Securities contended that the long-term competitive advantage of SMOORE INTL could be potentially further strengthened on the back of its R&D commitment.
The broker cut the 2022-23E EPS for the group by 19% and 18%, respectively, and its target price from $48.8 to $40, while restating the Buy rating for the stock.
Source: AAStocks Financial News
BofAS Drops SMOORE INTL (06969.HK) TP to $40, Rated Buy
2022/04/04
SMOORE INTL (06969.HK)'s 2021 results were largely in line with the previous profit alert, while the company's overseas operations, especially in the U.S., decelerated in 2H21, reported BofA Securities.
The sales volume of SMOORE INTL in the China market was projected to fall drastically this year, with the BAT in the overseas markets becoming a key growth driver, given the company's target to double its novel tobacco sales by 2025.
While predicting the company's net profit margin to be under pressure in near-term, BofA Securities contended that the long-term competitive advantage of SMOORE INTL could be potentially further strengthened on the back of its R&D commitment.
The broker cut the 2022-23E EPS for the group by 19% and 18%, respectively, and its target price from $48.8 to $40, while restating the Buy rating for the stock.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: Smoore Intl 6969
by winston » Thu Apr 07, 2022 11:05 am
not vested
C Suisse Cuts SMOORE INTL (06969.HK) TP to $30.2, Rated Outperform
2022/04/01
SMOORE INTL (06969.HK)'s FY21 revenue gained 37% YoY, 5% missing Credit Suisse's estimate, whereas GPM added 1 ppt YoY to 54%, 3 ppts beating Credit Suisse's estimate.
Since State Tobacco Monopoly Administration (China Tobacco) will enforce the national standard and administrative measures of e-cigarettes ban on 1 May 2022, the broker viewed the uptake of e-cigarettes in China may be much slower. Hence, it axed the FY22-24E revenue of SMOORE INTL by 31-46%.
Credit Suisse also cut FY22-24E EPS of the company by 37-45%, and the target price to $30.2 from $62.5.
Although near-term structural issues will keep daunting the e-cigar sector, SMOORE INTL remained the broker's top pick, given its evident leading edges in market share.
The rating on SMOORE INTL was kept at Outperform.
Source: AAStocks Financial News
C Suisse Cuts SMOORE INTL (06969.HK) TP to $30.2, Rated Outperform
2022/04/01
SMOORE INTL (06969.HK)'s FY21 revenue gained 37% YoY, 5% missing Credit Suisse's estimate, whereas GPM added 1 ppt YoY to 54%, 3 ppts beating Credit Suisse's estimate.
Since State Tobacco Monopoly Administration (China Tobacco) will enforce the national standard and administrative measures of e-cigarettes ban on 1 May 2022, the broker viewed the uptake of e-cigarettes in China may be much slower. Hence, it axed the FY22-24E revenue of SMOORE INTL by 31-46%.
Credit Suisse also cut FY22-24E EPS of the company by 37-45%, and the target price to $30.2 from $62.5.
Although near-term structural issues will keep daunting the e-cigar sector, SMOORE INTL remained the broker's top pick, given its evident leading edges in market share.
The rating on SMOORE INTL was kept at Outperform.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: Smoore Intl 6969
by winston » Mon Apr 11, 2022 11:07 am
not vested
SMOORE INTL (06969.HK) 1Q22 Profit Slides 55.3% to RMB527M
2022/04/07
SMOORE INTL (06969.HK) announced that the profit and total comprehensive income of the Group in the first quarter ended 31 March, as compared with the same period last year decreased by 55.3%, to RMB527 million.
Dividend History
Announce Date Event Particular
2022/03/30 Final D:HKD 0.1800
2021/08/19 Interim D:HKD 0.2100
2021/03/31 Final D:HKD 0.2700
2020/08/24 Interim No Dividend
The main reasons included: in the first quarter of 2022, due to the stricter COVID-19 control measures adopted in some areas of Shenzhen, the production and operation of some factories of the Group was affected to some extent, and the production and shipment plan of the Group in the first quarter was negatively affected, resulting in negative impact on revenue, the announcement added.
Related News: BofAS Drops SMOORE INTL (06969.HK) TP to $40, Rated Buy
Source: AAStocks Financial News
SMOORE INTL (06969.HK) 1Q22 Profit Slides 55.3% to RMB527M
2022/04/07
SMOORE INTL (06969.HK) announced that the profit and total comprehensive income of the Group in the first quarter ended 31 March, as compared with the same period last year decreased by 55.3%, to RMB527 million.
Dividend History
Announce Date Event Particular
2022/03/30 Final D:HKD 0.1800
2021/08/19 Interim D:HKD 0.2100
2021/03/31 Final D:HKD 0.2700
2020/08/24 Interim No Dividend
The main reasons included: in the first quarter of 2022, due to the stricter COVID-19 control measures adopted in some areas of Shenzhen, the production and operation of some factories of the Group was affected to some extent, and the production and shipment plan of the Group in the first quarter was negatively affected, resulting in negative impact on revenue, the announcement added.
Related News: BofAS Drops SMOORE INTL (06969.HK) TP to $40, Rated Buy
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: Smoore Intl 6969
by winston » Thu Apr 28, 2022 2:16 pm
not vested
SMOORE INTL Controlling Shareholder Mulls to Sell 3.5% Stake
SMOORE INTL (06969.HK) announced that EVE Battery, a wholly-owned subsidiary of the company's shareholder EVE (300014.SZ), will seek the approval of its shareholders to reduce its shareholding in the Company by not more than 3.5% of the total issued shares of the Company (approximately 210 million Shares) by way of block trade(s).
At the moment, EVE Battery is the holder of 31.64% of the total issued Shares of the Company. Assuming that Eve Energy does complete the 3.5% Sale referred to above, it will thereafter cease to be a controlling shareholder of the Company, the announcement added.
Source: AAStocks Financial News
SMOORE INTL Controlling Shareholder Mulls to Sell 3.5% Stake
SMOORE INTL (06969.HK) announced that EVE Battery, a wholly-owned subsidiary of the company's shareholder EVE (300014.SZ), will seek the approval of its shareholders to reduce its shareholding in the Company by not more than 3.5% of the total issued shares of the Company (approximately 210 million Shares) by way of block trade(s).
At the moment, EVE Battery is the holder of 31.64% of the total issued Shares of the Company. Assuming that Eve Energy does complete the 3.5% Sale referred to above, it will thereafter cease to be a controlling shareholder of the Company, the announcement added.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: Smoore Intl 6969
by winston » Thu Apr 28, 2022 3:49 pm
SMOORE INTL Shrs Dive Nearly 17% on HK E-Cigar Sale, Import Ban Effective Sat
The Department of Health (DH) said the Tobacco and Alcohol Control Office (TACO) of the DH will start carrying out new enforcement measures subsequent to the operation of the Smoking (Public Health) (Amendment) Ordinance 2021 this Saturday (April 30).
The Ordinance prohibits the import, promotion, manufacture, sale and possession for commercial purposes of alternative smoking products (ASPs).
The ban covers electronic smoking products, heated tobacco products, herbal cigarettes, and their accessories.
Source: AAStocks Financial News
The Department of Health (DH) said the Tobacco and Alcohol Control Office (TACO) of the DH will start carrying out new enforcement measures subsequent to the operation of the Smoking (Public Health) (Amendment) Ordinance 2021 this Saturday (April 30).
The Ordinance prohibits the import, promotion, manufacture, sale and possession for commercial purposes of alternative smoking products (ASPs).
The ban covers electronic smoking products, heated tobacco products, herbal cigarettes, and their accessories.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 112616
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