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<Research>Citi Elevates TECHTRONIC IND (00669.HK) TP to $150, Maintains Firm in Top Pick List
Recommend 4 Positive 4 Negative 1 |
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TECHTRONIC IND (00669.HK) reported a 4.4% YoY increase in revenue and a 6.8% rise in net profit for 2025, slightly below market consensus, Citi Research issued a research report saying. However, the management emphasized that its point-of-sale (POS) data remains strong YTD. Furthermore, the Company announced a share buyback plan of up to US$500 million over the next 18 months, which is a key positive news. Therefore, the broker elevated its target price for the Company from $125 to $150, equivalent to a projected 2027 PE ratio of 20x, with rating kept at Buy. TECHTRONIC IND remains its top pick. AASTOCKS Financial News |
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