Techtronic Ind (00669) rose more than 4% at present. As of press time, it rose 3.92% to HKD 103.5, with a turnover of HKD 0.653 billion.
According to the WiseNews App, Techtronic Ind (00669) rose more than 4% at present. As of press time, it rose 3.92% to HKD 103.5, with a turnover of HKD 0.653 billion.
According to the latest financial report released till June 30, 2024, Techtronic Ind earned a revenue of USD 7.312 billion, a 6.3% YoY increase; the net income attributable to shareholders was USD 0.55 billion, a 15.7% YoY increase; the earnings per share was 30.12 US cents; and the proposed interim dividend per share was 13.9 US cents. Bank of America Securities expressed that Techtronic Ind’s performance in the first half of the year was slightly better than expected.
Sealand Securities stated that currently the fixed interest rate of US thirty-year mortgage loans is still at a high level. The high interest rate environment still has constraints on the real estate trading population. The bank is bullish on the company's orders with strong certainty in the second half of the year benefiting from the rate cut and the rebound of demand in the US real estate chain. Haitong Securities pointed out that the recovery of the US real estate market is expected to drive the prosperity of the electric tool industry. Meanwhile, the company's own efficiency improvement drives the release of net income, and the company's brand premium ability and global production capacity layout are expected to alleviate potential tariff concerns to a greater extent.