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Intelligent decision-making reference | The policy and technological aspects will resonate.
In terms of hot topics, the focus is on concept stocks with strong policy catalyzation in the debt-to-equity swap concept; followed by real estate, after the six major banks, regulations on adjustments of existing home loan interest rates have also been successively introduced for 12 national joint-stock banks as well as some urban and rural commercial banks.
HK stock movement | Techtronic ind (00669) rose nearly 3%, interest rate cuts may consolidate demand, institutions expect its professional tools to grow by 12% year-on-year within the year.
Techtronic ind (00669) rose nearly 3%, as of the deadline for submission, up 2.71%, at 113.9 Hong Kong dollars, with a turnover of 0.628 billion Hong Kong dollars.
Goldman Sachs: Maintains buy rating on Techtronic Ind (00669) with target price cut to 119.3 Hong Kong dollars
Goldman Sachs expects that the professional tools of Chuangke will increase by 12% annually in 2024, while DIY tools will decline by 2% year-on-year (with a 2% recovery year-on-year in 2025).
[Brokerage Focus] Goldman Sachs slightly cut the target price of Techtronic Ind (00669) by 0.9%, as the recovery of hardware and supplies sales in the USA is relatively slow.
Goldman Sachs released a research report stating that Techtronic Ind (00669) is expected to see a 12% annual growth in professional tools in 2024, while DIY tools are expected to decline by 2% year-on-year (recover by 2% annually in 2025). Considering the relatively sluggish recent home sales volume in the USA, the recovery of hardware and supplies sales in the USA seems to be relatively slow, leading to a 1% to 2% downward adjustment in earnings per share for Techtronic Ind from 2024 to 2030. The target price is slightly reduced by 0.9% from 120.4 Hong Kong dollars to 119.3 Hong Kong dollars. The "buy" rating is maintained.
Does Techtronic Industries (HKG:669) Have A Healthy Balance Sheet?
Techtronic Ind (00669.HK) appointed Tony Fung as an independent non-executive director.
Techtronic Ind (00669.HK) announced the appointment of Mr. Wong Tze Chuen and Ms. Wu Jiahui as independent non-executive directors, effective from October 7, 2024.
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