UBS: Raises the target price for Smoore International to HKD 14, maintains "Sell" rating.

robot
Abstract generation in progress

Jin10 data reported on July 21st that UBS released a report updating the profit forecasts for Smoore International (06969.HK) for 2025 to 2027 with changes of -21%, +1%, and +21%, respectively. The reasons include higher revenue growth from ODM and HNB businesses; as well as increased sales, general, and administrative expenses due to intensified competition. Preliminary performance shows that the company's revenue for the first half of the year grew by 18% year-on-year, which is believed to be due to the recovery of the Vape business, with shipments having been pre-increased before US tariffs. The company expects net profit for the second half of the year to decline by 21% to 35% year-on-year, mainly due to high expenditures related to the granting of stock options and S&D in the fourth quarter. UBS maintains a 'sell' rating on Smoore International, believing that its valuation is rich and has already reflected the growth potential from Vapes and HNB. The target price has been raised from HKD 10.7 to HKD 14.

HNB12.78%
View Original
This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.
  • Reward
  • 1
  • Share
Comment
0/400
GateUser-083b7165vip
· 07-21 19:26
scam…….
Reply0
Trade Crypto Anywhere Anytime
qrCode
Scan to download Gate app
Community
English
  • 简体中文
  • English
  • Tiếng Việt
  • 繁體中文
  • Español
  • Русский
  • Français (Afrique)
  • Português (Portugal)
  • Bahasa Indonesia
  • 日本語
  • بالعربية
  • Українська
  • Português (Brasil)