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<Research>CLSA Elevates TECHTRONIC IND's TP to HKD136 w/ Rating Reiterated at Outperform
Recommend 4 Positive 5 Negative 2 |
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TECHTRONIC IND (00669.HK)'s 2025 revenue rose by 4.4% YoY to USD15.2 billion, below expectations but still better than that of its peers, according to a CLSA report. The company's net profit also fell mildly below market expectations with a YoY rise of 6.8% to USD1.2 billion. The gross profit margin saw a surge to 41.2%. CLSA has reduced its revenue forecasts for TECHTRONIC IND for 2026-27 by 1.8% and 1.6%, while raising its profit forecasts by 0.1% and 1%. It has elevated TECHTRONIC IND's target price from HKD108 to HKD136, with a rating reiterated at Outperform. AASTOCKS Financial News |
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