As the price of cigarettes continued to increase, most consumers traded down to the VFM segment.

当香烟价格持续上涨，很多消费者都转向购买廉价香烟。

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However, while in the long term it appears that JTI still has room to grow in the VFM segment, and in the short term, its special dividend remains the catalyst.

不过，从长远来看，JT国际似乎在廉价香烟市场仍有增长空间，而在短期内派发特别股息仍然是催化剂。

youdao

However, while in the long term it appears that JTI still has room to grow in the VFM segment, and in the short term, its special dividend remains the catalyst.

不过，从长远来看，JT国际似乎在廉价香烟市场仍有增长空间，而在短期内派发特别股息仍然是催化剂。

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