Smoore jumps as client gets greenlight for marketing tobacco products

Smoore International Holdings

22/07/2024 03:16

** Shares of vaping devices maker Smoore International
Holdings  6969.HK  jump 8.4% to HK$9.27, highest since July 2
    ** Stock on course for the biggest one day gain since June
14; top pct gainer on Hang Seng Composite Index  .HSCI  which
slips 0.4%
    ** Smoore says R.J. Reynolds Vapor Company, a unit of its
U.S. client Reynolds American Inc (RJR Group), received
marketing granted orders for seven new tobacco products; co
supplies the seven products to RJR Group
    ** "The company is encouraged by the success of its clients
in their PMTA (Premarket Tobacco Product Application)
applications and believes that this will provide clearer
guidance to the group as to where to better deploy its resources
for the US market" - Smoore
    ** Hang Seng Commerce & Industry Index  .HSNC  and Hang Seng
Index  .HSI  ease 0.3% and 0.5%, respectively
    ** Stock up 40% YTD

    
  

 (Reporting by Donny Kwok)
 ((donny.kwok@thomsonreuters.com))