CITIC SEC: Maintains "buy" rating on CTIHK (06055), cigarette export business gross profit margin will significantly increase.

date
14:26 20/02/2026
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GMT Eight
In the past two years, the company has issued multiple announcements to expand its business scope. As the only listed company under China Tobacco Group, it will fully benefit from the internationalization process of China Tobacco Group.
CITIC SEC released a research report stating that CTIHK (06055) announced the latest progress in its exclusive cigarette export business. The bank expects to benefit from supply chain integration, with the company's gross profit margin in the cigarette export business set to significantly increase and be fully reflected by 2027. Over the past two years, the company has issued several announcements expanding its business scope. As the only listed company under the China Tobacco Group, it will fully benefit from the internationalization process of China Tobacco Group. The "buy" rating is maintained.