Soaring stock brokers, and rising tobacco
Online brokers Futu and UP Fintech have recorded banner results, with revenue up by 75% or more for both in the fourth quarter. What's driving the growth, and is it sustainable? And the international arm of China's tobacco monopoly reported 10% revenue growth last year, even as the number of Chinese smokers fell. What's driving the increase?
CTIHK luxuriates in shadow of China’s tobacco monopoly
The majority-owned unit of China National Tobacco Corp. reported double-digit profit and revenue growth last year, lighting a fire under its stock Key Takeaways: CTIHK’s profit rose more than 40%…
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Soaring stock brokers, and rising tobacco
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