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<Research>M Stanley: TECHTRONIC IND (00669.HK) 2H25 Results Largely In Line; Rating Overweight
Recommend 3 Positive 4 Negative 2 |
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TECHTRONIC IND (00669.HK) announced its 2025 results yesterday, according to Morgan Stanley's research report. Of which, 2H25 sales amounted to US$7.43 billion, up 2% YoY but down 5% HoH, slightly below the expectations of both Morgan Stanley and market consensus. This reflects a temporary suspension of some Milwaukee product sales and promotional activities severely impacted by tariffs. Sales in North America dropped by 1% YoY, compared to a 5% growth in 2H24, while Europe hiked 15%, compared to a 14% incline in 2H24. Therefore, the broker rated the Group at Overweight, with a target price of $130. AASTOCKS Financial News Website: www.aastocks.com |
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