Techtronic Industries Company Limited's (HKG:669) Large Institutional Owners Must Be Happy as Stock Continues to Impress, up 3.4% Over the Past Week

Simply Wall StJan 16 00:46 ET

Hong Kong stocks fluctuated | TECHTRONIC IND (00669) rose more than 3% in the afternoon. Nomura expects its performance in the second half of the year to be strong, and the company has significantly improved the resilience of its supply chain.

TECHTRONIC IND (00669) rose more than 3% in the afternoon, at the time of publication, it rose by 3.34%, priced at 100.5 Hong Kong dollars, with a transaction amount of 0.261 billion Hong Kong dollars.

Zhitong FinanceJan 15 01:20 ET

Techtronic Industries' 2H 2024 Results Likely to Be Strong -- Market Talk

WSJJan 12 23:07 ET

Nomura: Maintains TECHTRONIC IND 'Buy' rating, raises Target Price to 115 HKD.

Nomura released a research report stating that the Target Price for TECHTRONIC IND (00669) has been raised by 4.5% from HKD 110 to HKD 115, maintaining a "Buy" rating. Looking ahead to the first half of 2025, the bank anticipates some additional restocking demand for the company; the Los Angeles fire incident may also bring incremental sales. The bank expects that TECHTRONIC IND's earnings per share in the second half of 2024 will increase by over 15% year-on-year, with supporting factors including: 1) Incremental sales from hurricane-related demand in September and October; 2) Steady growth in shipments due to promotional activities in the fourth quarter of 2024; 3) Continued gross margin improvement due to changes in product mix.

Sina Hong Kong StockJan 12 22:55 ET

Techtronic Industries Target Price Raised to HK$115.00 From HK$110.00 by Nomura >0669.HK

Dow JonesJan 12 22:42 ET · Ratings

Nomura: Maintains the Buy rating for TECHTRONIC IND (00669), with the Target Price raised to HKD 115.

Nomura predicts that TECHTRONIC IND will have some additional restocking demands; the fire incident in Los Angeles may also bring incremental sales.

Zhitong FinanceJan 12 22:09 ET