Group 1 - The core viewpoint of the article indicates that the cancellation of VAT export rebates for e-cigarettes and other products starting from April 1, 2026, is expected to accelerate industry consolidation, benefiting leading compliant companies with scale and technological advantages [1] - The stock price of Smoore International (06969) rose over 5% in early trading, reflecting positive market sentiment regarding the policy change [1] - The adjustment in tax policy is anticipated to significantly impact the e-cigarette manufacturing industry, leading to a new round of reshuffling, with Smoore's long-term position expected to strengthen despite short-term performance challenges due to the removal of tax rebates [1] Group 2 - The reduction of tax incentives is seen as a way for the industry to gradually move away from price wars, which have been detrimental to profitability [1] - The trading volume for Smoore International reached 123 million HKD, indicating strong investor interest following the announcement [1]
港股异动 | 思摩尔国际(06969)早盘涨超5% 退税取消有望加速行业整合 利好头部合规企业