Movement Alert｜TECHTRONIC IND Rises 3.4% in Regular Trading, Buoyed by Citi Bullish Outlook and 61 Consecutive Days of Buybacks

Market Focus13:01

On September 15, TECHTRONIC IND rose 3.4% in regular trading, trading at HKD 130.8/share, with turnover of HKD 565 million.

On the news front, Citi maintained a \"Buy\" rating on TECHTRONIC IND with a target price of HKD 168, citing management commentary from a recent investor conference. Key takeaways include: H2 revenue growth is expected to accelerate versus H1, supported by a lower base and stronger POS demand; US tariff refund payments will be booked in H2, which should further strengthen the company's net cash position and help sustain its share buyback program beyond its scheduled expiry at end of next year; and the company remains a leader in AI data center (AIDC) and power utility verticals with increasingly robust growth drivers.

Meanwhile, the company has been conducting buybacks for 61 consecutive trading days since June 18, repurchasing a cumulative 1.999 million shares for approximately HKD 260 million. On September 14, the company repurchased 88,000 shares at prices between HKD 125.8 and HKD 129.9, spending approximately HKD 11.14 million. The latest interim results showed H1 revenue of USD 8.292 billion, up 5.9% year-over-year, with adjusted net profit rising 17.5% to USD 738 million and free cash flow reaching USD 753 million.

(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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