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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,
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