CITIC Securities: Tuam Tshoj tus e-luam yeeb xa tawm txuas ntxiv txhim kho, thiab kev pom zoo rau ib nrab xyoo rau cov thawj coj luam yeeb thoob ntiaj teb yog qhov zoo.

CITIC Securities: Tuam Tshoj tus e-luam yeeb xa tawm txuas ntxiv txhim kho, thiab kev pom zoo rau ib nrab xyoo rau cov thawj coj luam yeeb thoob ntiaj teb yog qhov zoo.

Thaum Lub Yim Hli 9, CITIC Securities tau ua qhov kev kwv yees zoo rau lub ntiaj teb kev lag luam luam yeeb tshiab txij lub Rau Hli mus txog Lub Xya Hli 2024. Lub koom haum tau hais tias Tuam Tshoj tus e-luam yeeb xa tawm tau khaws cia kev loj hlob zoo nyob rau lub Rau Hli 2024, nce 5.9% xyoo-rau-xyoo, thiab thoob ntiaj teb. Kev lag luam luam yeeb tshiab tag nrho pom muaj kev txhim kho zoo, txawm tias muaj kev pheej hmoo xws li kev lag luam macroeconomic thiab txoj cai hloov pauv.

Thaum Lub Yim Hli 9, CITIC Securities 'WeChat official account tau tshaj tawm qhov kev kwv yees zoo rau lub ntiaj teb kev lag luam luam yeeb tshiab txij lub Rau Hli mus txog Lub Xya Hli 2024.

Lub koom haum tau hais tias qhov xwm txheej tshiab ntawm kev lag luam luam yeeb thoob ntiaj teb yog qhov zoo txij lub Rau Hli mus txog Lub Xya Hli 2024:

Nyob rau lub Rau Hli 2024, Tuam Tshoj tus e-luam yeeb xa tawm txuas ntxiv txhim kho, nce 5.9% xyoo-rau-xyoo rau US $ 1.0 billion;

Kev thov hauv Nyij Pooj, lub lag luam tseem ceeb ntawm HNB, txuas ntxiv kom loj hlob sai, tab sis kev txhawb nqa ntawm IQOS hauv Tebchaws Meskas tau raug ncua mus rau 24Q4, thiab kev nce se ntawm kev noj haus thiab kev txwv tsis pub muag cov khoom haus luam yeeb hauv European lag luam tuaj yeem. muaj kev cuam tshuam rau kev thov;

Hais txog kev haus luam yeeb, Tuam Tshoj cov luam yeeb hauv 24H1 tau nce tsis tu ncua, nce 1.6% xyoo-rau-xyoo rau 1.4 trillion sticks;

Nyob rau lub Rau Hli, Tuam Tshoj tus luam yeeb xa tawm tus nqi tau nce ntxiv los ntawm +122% xyoo-rau-xyoo, thiab cov nplooj ntawv luam yeeb tau nce ntxiv rau ob qho tib si thiab tus nqi, thiab tus nqi nruab nrab ntawm cov nplooj luam yeeb tau nce ntxiv.

Tsis tas li ntawd, cov xwm txheej txaus ntshai muaj xws li:

Macroeconomic siab tau ua rau tsis muaj zog thov rau cov khoom luam yeeb;

Cov kev hloov loj hauv cov cai thiab cov cai tswj kev haus luam yeeb;

VUSE alto menthol tsw tsis dhau PMTA;

Subversion ntawm atomization technology paths;

Kev saib xyuas cov khoom tsis raug cai yog qhov nruj dua li qhov xav tau.