TECHTRONIC IND (00669.HK)  +0.600 (+0.667%)    Short selling $86.09M; Ratio 30.539%   's two major clients, Home Depot (HD.US)      and Lowe's, recorded YoY sales declines in 1Q25, primarily due to pressure on the DIY business, according to a report from UBS.

Although both companies reaffirmed their original guidance estimating revenue and sales to achieve positive growth, UBS believes the potential risk of declining demand due to escalated US tariffs cannot be ignored, and more than 40% of TECHTRONIC IND's US power tools are currently sourced from China.

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Looking ahead, UBS maintains a very positive outlook on TECHTRONIC IND, viewing the current tariff policy as a potential opportunity for it to accelerate its market share growth.

UBS lowered its 2025-27 EPS forecasts for TECHTRONIC IND by 8%/ 6%/ 6% to reflect the weaker outlook for the DIY business and the slight impact tariffs may have on profit margins. Accordingly, the broker cut its target price for the company from HKD132 to HKD120, while maintaining the Buy rating unchanged.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-23 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)