Techtronic Industries (HKG:669) Shareholders Have Earned a 16% CAGR Over the Last Five Years
Citigroup: Lower Hang Seng Index's year-end target to 19,800 points.
Recently, a report from Citigroup pointed out that H-shares listed in Hong Kong are more sensitive to the Fed's interest rate cuts, so they remain bullish on H-shares over A-shares. Citigroup has lowered its year-end target for the Hang Seng Index by 3% to 19,800 points and also lowered its mid-2020 target by 5% to 21,000 points.
Are Investors Undervaluing Techtronic Industries Company Limited (HKG:669) By 29%?
Express News | Techtronic Industries H1 EBIT USD 626 Million
TECHTRONIC IND: Interim Report 2024
Techtronic Industries (00669.HK) faces shareholding reduction of 2.317 million shares by JPMorgan.
According to the latest equity disclosure data from the Hong Kong Stock Exchange, on August 20, 2024, Techtronic Industries (00669.HK) was sold by JPMorgan Chase & Co. at an average price of HKD 103.3001 per share, reducing its holdings by 2.317 million shares, with a total value of approximately HKD 0.239 billion. After the sale, JPMorgan Chase & Co.'s latest holdings amount to 201,046,756 shares, and the holdings ratio decreased from 11.09% to 10.97%.
Slowing Rates Of Return At Techtronic Industries (HKG:669) Leave Little Room For Excitement
Techtronic Industries (00669.HK) has granted a total of 0.4 million share options.
On August 19th, Guolonghui announced that on August 19th, 2024, Techtronic Industries (00669.HK) granted a total of 0.4 million share options to CEO Steven Philip Richman for subscription of company shares, but it is subject to acceptance by the grantee before becoming effective.
HK stocks are volatile | Techtronic Ind (00669) is up more than 4% now. First-half performance slightly exceeds expectations. The recovery of the U.S. real estate market is expected to drive industry prosperity.
Techtronic Ind (0669) is now up over 4%. As of press time, it is up 3.92% at HKD 103.5, with a turnover of HKD 0.653 billion.
TECHTRONIC INDUSTR To Go Ex-Dividend On September 4th, 2024 With 0.69323 USD Dividend Per Share
[Brokerage Focus] Pacific Securities initiates 'buy' rating for Techtronic Ind (00669), stating that as a leader, it is expected to benefit from the industry's recovery and growth.
Pacific Securities issued a research report, showing that Techtronic Ind. (00669) recently announced its performance. In H1 2024, its revenue was 7.312 billion U.S. dollars (+6.29%), and its net income attributable to the parent company was 0.55 billion U.S. dollars (+15.68%). The bank pointed out that in terms of business, (in local currency) the company's electric tool business income in H1 2024 was 6.9 billion U.S. dollars (+7.1%), among which MILWAUKEE achieved double-digit growth (+11.2%), mainly driven by new products, regional expansion, commodification and vertical penetration; RYOBI outperformed the market and achieved unit growth.
CICC: Maintains techtronic ind's "outperform" rating, with a target price of HKD 115.49.
CICC released a research report stating that it maintains the outperform rating on Techtronic Industries (00669), and raised earnings per share estimates for 2024/2025 by 2.8% and 1.9%, to $0.62/$0.70, respectively, with a target price of HKD 115.49. The company announced its performance for the first half of 2024: revenue of $7.312 billion, a year-on-year increase of 6.3%; net income attributable to the parent company was $0.55 billion, a year-on-year increase of 15.7%, corresponding to earnings per share of $0.30, slightly exceeding the bank's expectations, mainly due to the increase in gross margin and the revenue growth exceeding expectations. CICC's main views are as follows: moving forward,
CICC: Maintains techtronic ind (00669) "outperform" rating, target price of HKD 115.49.
CICC suggests continuing to pay attention to the demand drive of interest rate cuts on real estate and the transmission of demand to hardware and tool terminals.
[Brokerage Focus] Zhongtai International: After global risk aversion subsides, Hong Kong stocks are expected to open up upward space.
KingWatch Financial News | China-Thai International released its August outlook for the Hong Kong stock market, as the untying trend of the yen-carry trade exacerbates the fluctuation of global risk assets, Hong Kong stocks may be affected by increased overseas market volatility and fluctuate at low levels. As of July 30, speculative short positions in the yen have been greatly reduced, and the current one-month US dollar against yen 25Delta risk reversal volatility has fallen to its lowest level since mid-2020, indicating that the yen may have a short-term phase top and will boost the rebound of Hong Kong stocks and other risk assets. The bank pointed out that the upward momentum in the current Hang Seng Index profit forecast has been fluctuating repeatedly, and the performance of Hong Kong stocks has been mixed since the earnings season.
Techtronic Ind granted 0.92 million shares according to the stock incentive plan.
Techtronic ind (00669) announced that on August 8th, 2024, according to its share award plan adopted on January 17th, 2018 and revised and restated on May 12th, 2023, it granted a total of 0.92 million shares of the company's stock as incentive shares to several directors, which can only be realized after the grantee accepts the shares. The closing price of the shares on the day of the grant was HKD 97.70 per share. On August 8th, 2024, the company granted a total of 92 shares to several directors based on its share option plan adopted on May 19th, 2017 and revised and restated on May 12th, 2023.
Analysts Have Made A Financial Statement On Techtronic Industries Company Limited's (HKG:669) Half-Yearly Report
Techtronic Ind (00669.HK) granted a total of 0.92 million share options.
On August 8th, Gleason announced that according to the stock incentive plan adopted on January 17, 2018 and revised and restructured on May 12, 2023, a total of 920,000 company shares were granted to several directors as incentive shares on August 8, 2024. In addition, on August 8, 2024, the company granted a total of 920,000 share options to several directors for subscribing to shares based on the share option plan adopted on May 19, 2017 and revised and re-stated on May 12, 2023.
Nomura Adjusts Techtronic Industries' Price Target to HK$110 From HK$103, Keeps at Buy
[Brokerage focus] Open source securities maintains a "buy" rating for Techtronic Ind (00669), expecting the recovery of the US real estate market to drive the prosperity of the power tool industry.
Open-source Securities issued a research report stating that Techtronic Ind (00669) is expected to achieve a revenue of 7.132 billion USD in H1 2024, with a year-on-year growth rate of 6.3%. The growth is mainly driven by the core brands of electric tools, Milwaukee (with a year-on-year growth rate of 11.2%) and RYOBI (with a year-on-year growth rate in mid-unit numbers), while the revenue of the floor care business decreased slightly by 0.4% year-on-year. In H1 2024, the net income reached 0.55 billion USD, with a year-on-year growth rate of 15.7%, higher than the revenue growth rate. This was due to the contribution from the gross margin improvement, the reduction of interest expense, which offset the impact of the increase in research and development expenses. The bank maintains its forecasts for 2024-20.
Nomura: Rates Techtronic Ind as "buy" and target price lowered to HKD 110.
Nomura has released a research report stating that it has given a "buy" rating to Techtronic Ind (00669), believing that its business is global and is estimated to be unaffected by geopolitical risks. Its target price has been lowered from HKD 103 to HKD 110. The company's mid-term net profit increased by 15.7% to USD 550 million, in line with market expectations. The bank believes that Techtronic's H1 revenue increased by 6.3% YoY to USD 7.3 billion, 5.3% higher than market expectations, mainly due to the steady growth of local currency sales of Milwaukee business by 11.2%. The bank expects the company's H2 revenue to achieve mid-single-digit growth, and its long-term growth trajectory remains unchanged.
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