Techtronic Industries 2H Outlook Seems Positive -- Market Talk

Dow Jones08-07

0853 GMT - Techtronic Industries' 2H outlook appears positive, Citi research analysts write in a note. The Hong Kong-based power-tool maker posted strong 1H results, and its flagship business, Milwaukee, shows promising growth prospects, with AI driving demand for specialized tools needed for power grids and data centers, they say. There hasn't been much of an order slowdown despite U.S. macroeconomic concerns, they note. Any tariff effects from a potential Trump presidency will likely be mild, and the company should be able to weather them, they add. Citi retains its buy rating on the stock and raises the target price to HK$120 from HK$116. Shares closed 3.5% higher at HK$94.75. (kimberley.kao@wsj.com)

(END) Dow Jones Newswires

August 07, 2024 04:53 ET (08:53 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2457289194?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-08-07 16:53","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2457289194","market":"us","top_or_hot":-1,"title":"Techtronic Industries 2H Outlook Seems Positive -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0853 GMT - Techtronic Industries' 2H outlook appears positive, Citi research analysts write in a note. The Hong Kong-based power-tool maker posted strong 1H results, and its flagship business, Milwaukee, shows promising growth prospects, with AI driving demand for specialized tools needed for power grids and data centers, they say. There hasn't been much of an order slowdown despite U.S. macroeconomic concerns, they note. Any tariff effects from a potential Trump presidency will likely be mild, and the company should be able to weather them, they add. Citi retains its buy rating on the stock and raises the target price to HK$120 from HK$116. Shares closed 3.5% higher at HK$94.75. (kimberley.kao@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  August 07, 2024 04:53 ET (08:53 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Techtronic Industries 2H Outlook Seems Positive -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nTechtronic Industries 2H Outlook Seems Positive -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-08-07 16:53 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0853 GMT - Techtronic Industries' 2H outlook appears positive, Citi research analysts write in a note. The Hong Kong-based power-tool maker posted strong 1H results, and its flagship business, ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"IE0009570106.USD","symbol_name":"FSSA ASIA OPPORTUNITIES \"I\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2457289194","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2457289194","pubTimestamp":1723020780,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0853 GMT - Techtronic Industries' 2H outlook appears positive, Citi research analysts write in a note. The Hong Kong-based power-tool maker posted strong 1H results, and its flagship business, Milwaukee, shows promising growth prospects, with AI driving demand for specialized tools needed for power grids and data centers, they say. There hasn't been much of an order slowdown despite U.S. macroeconomic concerns, they note. Any tariff effects from a potential Trump presidency will likely be mild, and the company should be able to weather them, they add. Citi retains its buy rating on the stock and raises the target price to HK$120 from HK$116. Shares closed 3.5% higher at HK$94.75. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"IE0009570106.USD":"FSSA ASIA OPPORTUNITIES \"I\" (USD) ACC","IE0034224299.USD":"PINEBRIDGE ASIA EX JAPAN EQUITY \"A\" (USD) ACC","IE0008368742.USD":"首域中国增长基金I Acc","SG9999001689.USD":"施罗德亚洲成长股票","IE0008368411.USD":"FSSA ASIAN GROWTH \"I\" (USD) ACC","LU0572944931.SGD":"Janus Henderson Horizon China Opportunities A2 SGD","IE00BYQNZ168.SGD":"PINEBRIDGE ASIA EX JAPAN SMALL CAP EQUITY \"A5CP\" (SGD) ACC","LU0227179875.USD":"SCHRODER ISF ASIAN SMALLER COMPANIES \"A\" ACC","IE00B031HW06.USD":"FSSA ASIAN GROWTH \"I\" (USD) INC","LU0543330566.HKD":"TEMPLETON BRIC \"A\" (HKD) ACC","SG9999011746.SGD":"PINEBRIDGE INTERNATIONAL FUNDS - ACORNS OF ASIA BA (SGD) ACC","LU2045819591.USD":"Natixis WCM Global Emerging Markets Equity R/A USD","LU0084288322.USD":"Natixis Asia Equity RD USD","LU2242644610.SGD":"Fidelity China Innovation A-ACC-SGD","LU2177674079.SGD":"Fidelity Asia Pacific Opportunities A-ACC-SGD (hedged)","LU2039709279.SGD":"MANULIFE GF DRAGON GROWTH \"AA\" (SGDHDG) INC","IE00B031J352.USD":"FSSA GREATER CHINA GROWTH \"I\" (USD) INC","BK1521":"挪威政府全球养老基金持仓","IE00BYTNYN87.SGD":"PINEBRIDGE ASIA EX JAPAN SMALL CAP EQUITY \"A5\" (SGD) ACC","LU2125910500.SGD":"Natixis WCM Global Emerging Markets Equity H-R/A SGD","LU0327786744.USD":"Janus Henderson Horizon China Opportunities A2 USD","IE0031814852.USD":"FSSA GREATER CHINA GROWTH \"I\" (USD) ACC","IE0008369823.USD":"FSSA HONG KONG GROWTH \"I\" ACC","IE00B12V2V27.USD":"柏瑞亚洲小盘股A(除日本)","BK1183":"工业机械","LU2008162690.USD":"FIDELITY FUNDS - ASIA PACIFIC OPPORTUNITIES \"A\" (USD) ACC","00669":"创科实业","LU0229945570.USD":"TEMPLETON BRIC \"A\" (USD) ACC","IE00B031HY20.USD":"FSSA CHINA GROWTH \"I\" (USD) INC","SG9999000327.SGD":"Schroder Asian Growth A Dis SGD","LU1102505762.USD":"富达新兴市场焦点 A"},"translate_title":"创科实业2H前景似乎乐观——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"00669":0.9},"content_text":"0853 GMT - Techtronic Industries' 2H outlook appears positive, Citi research analysts write in a note. The Hong Kong-based power-tool maker posted strong 1H results, and its flagship business, Milwaukee, shows promising growth prospects, with AI driving demand for specialized tools needed for power grids and data centers, they say. There hasn't been much of an order slowdown despite U.S. macroeconomic concerns, they note. Any tariff effects from a potential Trump presidency will likely be mild, and the company should be able to weather them, they add. Citi retains its buy rating on the stock and raises the target price to HK$120 from HK$116. Shares closed 3.5% higher at HK$94.75. (kimberley.kao@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  August 07, 2024 04:53 ET (08:53 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"0","news_tag":"","news_rank":0,"symbols":[],"gpt_button":1},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2457289194"}