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26453 CI-TTI @EC2501A (CALL)
RT Nominal unchange0.260 0.000 (0.000%)

05/04/2024 15:39

{I-bank focus}HSBC raises Techtronic Ind (00669) to HKD123

[ET Net News Agency, 5 April 2024] HSBC Global Research raised the target price for
Techtronic Ind (00669) to HKD123 from HKD112 and maintained the "buy" rating.
The research house said in light of the faster Milwaukee growth forecasts driving a
better product mix, it expects the gross profit margins to increase from 39.5% in 2023 to
39.9/40.3/40.8% in 2024e/25e/26e. (RC)

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