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<Research>Daiwa Trims TECHTRONIC IND (00669.HK) TP to $120, Rating Buy
TECHTRONIC IND (00669.HK)'s management said that, due to ongoing global trade negotiations, it is still too early to quantify the direct impact on the Company's earnings, a...
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<Research>Daiwa Trims TECHTRONIC IND (00669.HK) TP to $120, Rating Buy
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STOCK INFO

TECHTRONIC IND (00669.HK)  +0.700 (+0.764%)    Short selling $31.02M; Ratio 22.595%   's management said that, due to ongoing global trade negotiations, it is still too early to quantify the direct impact on the Company's earnings, according to Daiwa's research report. The broker currently expected any adverse effects from tariffs to primarily emerge in 2H25.

Daiwa lowered its 2025-2027 EPS forecasts for TECHTRONIC IND by 10-13% to reflect the profit pressure from tariffs, and adjusted the valuation basis to an average PE ratio of 22x for 2025/ 2026 (previously forecasted at 25x for this year) to account for short-term tariff risks.

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Consequently, the broker trimmed its target price from $145 to $120, with rating reiterated at Buy.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-16 12:25.)

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