Smoore (6969 HK): Harsher E-Cigarette Law and Lower Growth Rate in 2H21

296 Views04 Apr 2022 10:01
The new draft of the e-cigarette law will crack down the domestic market. The revenue growth rate plunged in 2H21. We set a downside of 27% and a price target of HK$13.90 for 2022.
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