On August 5, TECHTRONIC IND rose 3.91% in regular trading, trading at HK$140.7/share, with turnover of HK$218 million. The stock rebounded sharply following the release of strong first-half results the previous day.
TECHTRONIC IND reported H1 revenue of US$8.3 billion, up 5.9% year-over-year, while net profit rose 17.5% to US$738 million. Adjusted EBIT reached US$822 million, up 15.9%, with the EBIT margin expanding 0.86 percentage points to 9.9%. The MILWAUKEE business grew 10.5% in local currency terms, while RYOBI brand sales rose 1.7% to US$1.9 billion. The company maintained its full-year revenue growth outlook and announced an interim dividend of HK$1.5 per share. Net cash stood at US$1.066 billion as of period-end.
Multiple investment banks have issued bullish ratings, with JPMorgan maintaining an overweight rating and a target price of HK$179, Nomura setting HK$163, and Bank of America reiterating buy with a HK$141.6 target.
(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)
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