[ET Net News Agency, 5 March 2021] Goldman Sachs lifted its target price for Techtronic
Industries (TTI) (00669) by 5% to HK$126 and maintained its "neutral" rating.
The research house yesterday attended TTI's webcast, hosted by the management team. It
noted that management is clearly upbeat on outlook, building on prospects of market share
gain, and has rolled out an aggressive investment plan to build up inventory/capacity to
accommodate potential growth, which is actually more aggressive than the management's
guidance of high single-digit or even low double-digit revenue growth target.
While Goldman is positive on the company's 1H growth prospects, it sees a tough comp
heading into 2H. Goldman raised its 2021-25 EPS forecasts by 4-6% on results beat. (KL)
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Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
00669 TECHTRONIC IND
Nominal 
101.500 -2.600 (-2.498%) Research Report
05/03/2021 14:18
{I-bank focus}Goldman lifts Techtronic Ind (00669) to HK$126
| Remark: | Real time quote last updated: 19/04/2024 18:00 |
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