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[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.
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