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In Per, flavored cigarettes make up more than half of sales

Leading Players: Top 5 players in this market include Philip Morris International, RELX International, British American Tobacco, Shenzhen Smoore Technology, Japan Tobacco International , which collectively held a market share of 35% in 2024

Bleached white tubes deliver the familiar look of commercial cigarettes

We would expect the stock to trade down further as a result, but believe this would create a very attractive buying opportunity for investors, analyst Michael Smith of JPMorgan wrote