No Data
No Data
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.
No Data