Core Viewpoint - Smoore International (6969.HK) shares rose over 9% to HKD 24.12, reaching the highest level since June 2022, following the release of its financial results for the first half of the year [1] Financial Performance - The company reported a revenue of HKD 60.13 billion for the six months ending June 30, representing an increase of 18.29% year-on-year [1] - Shareholder profit decreased to HKD 4.92 billion, down 27.96% year-on-year, with basic earnings per share at HKD 0.0808 [1] Dividend Announcement - To celebrate its 5th anniversary since listing and to express gratitude to shareholders, the company declared an interim dividend of HKD 0.20 [1]

Core Viewpoint - UBS has raised the target price for Smoore International (06969.HK) to HKD 14 while maintaining a "Sell" rating, citing a significant increase in revenue from ODM and HNB businesses, despite rising competition and associated costs [1] Financial Performance - The company reported a year-on-year revenue growth of 18% in the first half of the year, attributed to a recovery in the vape business and preemptive increases in shipment volumes ahead of U.S. tariffs [1] - UBS has updated its earnings forecasts for Smoore International for 2025 to 2027, with adjustments of -21%, +1%, and +21% respectively [1] Profit Outlook - The company is expected to see a year-on-year decline in net profit of 21% to 35% in the second half of the year, primarily due to high expenses related to stock options granted in the fourth quarter and S&D costs [1] Valuation - UBS maintains that Smoore International's valuation is rich and already reflects the growth potential from Vapes and HNB [1] - The target price has been increased from HKD 10.7 to HKD 14 [1]