Smoore International (06969.HK) has subscribed to a total of US$80 million in Morgan Stanley notes.

Gelonghui, October 31st – Smoore International (06969.HK) announced that on October 28, 2025, the company subscribed to notes issued by Morgan Stanley Financial LLC with a principal amount of USD 20 million. On October 31, 2025, the company subscribed to notes issued by Morgan Stanley Financial LLC with a principal amount of USD 60 million. The subscription was funded using the group’s existing available cash reserves and free cash flow.

Gelonghui FinanceOct 31 21:00

Huaan Securities: The HNB market in the United States is expected to achieve rapid development, with British American Tobacco placing emphasis on the promotion of Glo Hilo.

Currently, China represents the world's largest traditional tobacco market, while the United States is the largest market for novel tobacco products. Japan and South Korea lead in terms of domestic market share for novel tobacco products.

Zhitong FinanceOct 29 15:50

SMOORE International (06969.HK) 25Q3 Operating Data Review: 25Q3 Revenue Hits Record High, HNB Business Progresses Steadily

The company announced its operating performance for the third quarter. In the first three quarters, the company achieved revenue of RMB 10.21 billion, representing a year-on-year increase of 21.8%; net profit of RMB 809 million, reflecting a year-on-year decrease of 23.8%; and adjusted net profit of RMB 1.182 billion, indicating a year-on-year increase.

Huachuang SecuritiesOct 26 00:00

Cathay Pacific Haitong: Reiterates 'Buy' rating for Smoore International with a target price of HKD 19.87.

Guotai Haitong released a research report stating that the third-quarter operating performance of Smoore International (06969) confirms an upward trend in industry prosperity. Considering the impact of the company's equity incentive expenses, the forecast for the company’s profitability has been revised upwards. It is projected that the net profit attributable to shareholders for 2025-2027 will reach RMB 1.03 billion/1.94 billion/2.54 billion, respectively. The firm maintains its “Outperform” rating. Referencing industry averages and considering Smoore’s position as a core supplier in the heated tobacco product supply chain, its deep technological moat achieved through long-term R&D investment, the vast growth potential of the industry, and the iterative strength of next-generation heated tobacco products offered by its leading brand client British American Tobacco, which continue to enhance market share.

Sina HK StocksOct 21 17:20

Huaan Securities: Glo Hilo launches in new markets, actively advancing global expansion.

In early June 2025, British American Tobacco announced the launch of its new premium heated product line, glo Hilo, in Japan. As of mid-October, glo Hilo has shown robust overall sales performance in the Japanese market.

Zhitong FinanceOct 20 13:42

Asian Growth Companies With High Insider Ownership In October 2025

Yahoo FinanceOct 17 12:36