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Citi Keeps TECHTRONIC IND's TP at HKD125, Envisions Faster Growth from Next Yr Onward
2025-11-19 10:37:35
Citi has released a research report maintaining its 2025 forecast for TECHTRONIC IND (00669.HK), given that TECHTRONIC IND's largest customer, Home Depot (HD.US), reflects the dynamics of the US consumer market, and that TECHTRONIC IND focuses primarily on the professional sector, which accounts for about 70% of its total sales.

In Citi's estimate, TECHTRONIC IND will speed up growth from next year onward. If Home Depot's results fall short of expectations and pull back TECHTRONIC IND's stock price, it could present a buying opportunity for the stock.

Citi kept a target price of HKD125 and a Buy rating for TECHTRONIC IND.
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