Despite a 37% decline in the stock over the last three years, China Tobacco International (HK)'s consistent high rates of return and reinvestment suggest a potential multi-bagger, making it an attractive investment opportunity.
Despite the high P/E ratio, investors are willing to pay more for the stock as they expect strong future growth. The high P/E ratio is seemingly justified by the company's superior earnings outlook.
Hong Kong stocks continued to maintain a strong consolidation on Monday, with an intraday gain of 1%, and then the gains have narrowed $CTIHK (06055.HK)$Today, the tobacco sector has seen a long-lost sharp rise. China Tobacco Hong Kong once rose close to 11%. As of the close, the company closed at 17.2 Hong Kong dollars, which was an increase of 10.54%. On the news side, China Tobacco Hong Kong recently announced that it intends to acquire all issued and issued quotas of China Tabaco Internacional do Brasil Ltda for US$63.4 million.
Buffett's holdings are the latest portfolio from Berkshire Hathaway. Regarded as a top investor, his trades often signal the market and influence the industry. Buffett's holdings are the latest portfolio from Berkshire Hathaway. Regarded as a top investor, his trades often signal the market and influence the industry.
CTIHK Stock Forum
$CTIHK (06055.HK)$ Today, the tobacco sector has seen a long-lost sharp rise. China Tobacco Hong Kong once rose close to 11%. As of the close, the company closed at 17.2 Hong Kong dollars, which was an increase of 10.54%. On the news side, China Tobacco Hong Kong recently announced that it intends to acquire all issued and issued quotas of China Tabaco Internacional do Brasil Ltda for US$63.4 million.
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