Changes in Hong Kong stocks | SMORE International (06969) fell more than 8% in early trading and fell back from a high point during the year. Major customers, British American Tobacco predicts that next year's results will be under pressure

The Zhitong Finance App learned that Smore International (06969) fell more than 8% in early trading, falling 7.65% from the high of HK$23.92 during the year. As of press release, it was down 7.65% to HK$11.34, with a turnover of HK$313 million.

According to the news, SMOORE's major international customer British American Tobacco (BTI.US) recently announced the latest performance guidelines. It is expected that its 2026 results will be at the low end of the mid-term target due to regulatory pressure and fierce competition in the US e-cigarette market, which offset strong growth in other areas of its business portfolio.

According to reports, British American Tobacco CEO Tadeu Marroco also mentioned other pressures the company will face next year, including the impact of stricter Australian tobacco regulations and continued investment in emerging product categories, which will also put some pressure on profit growth. According to the latest guidance from British American Tobacco, the 2026 revenue growth rate will fall within the lower limit of the 3%-5% target range, and the adjusted operating profit growth rate is expected to be 4%-6%.