00669 TECHTRONIC IND
- 93.900
- +0.500+0.54%
TECHTRONIC IND News
Possible Bearish Signals With Techtronic Industries Insiders Disposing Stock
Nomura: Maintains buy rating for Techtronic Ind, target price lowered to HKD 103.
Nomura released a research report stating that it has maintained a "buy" rating on Techtronic Ind (00669). Due to the weak US real estate market in the first half of this year and the expectation of weak growth in Techtronic OPE business in the third quarter of this year, the company's earnings per share forecast for fiscal year 2024 was lowered from $0.62 to $0.6; for fiscal year 2025, it was lowered from $0.69 to $0.68, and the target price was lowered from HKD 108 to HKD 103. The bank expects that Techtronic Ind's revenue in the first half of fiscal year 2024 will grow at a mid-single-digit rate year-on-year, mainly due to the replenishment of portable outdoor power equipment (OPE) in the first quarter of this year.
Nomura: Maintains a "buy" rating for Techtronic Ind. (00669) with a target price lowered to HKD 103.
Zhī tōng cái jīng APP learned that Nomura released a research report stating that it maintains a "buy" rating for Techtronic Ind (00669). In response to the weakness of the US real estate market in the first half of this year and the expected weak growth of Techtronic OPE business in the third quarter of this year, the earnings per share forecast for fiscal year 2024 was lowered from $0.62 to $0.60, and from $0.69 to $0.68 for 2025, and the target price was lowered from HKD 108 to HKD 103. The bank predicts that Techtronic Ind's revenue in the first half of fiscal year 2024 will record a mid-single-digit year-on-year growth, mainly due to the growth of portable outdoor activities in the first quarter of this year.
HK stock market unusual movement | Techtronic Ind (00669) opened up nearly 4% with optimistic short and long-term prospects. UBS Group predicts the company's mid-term performance may exceed market expectations.
Techtronic Ind (00669) opened up nearly 4%, as of press time, up 3.99% at HKD 92.60, with a turnover of HKD 15.8311 million.
Techtronic Ind (00669.HK) canceled 0.25 million repurchased shares on July 11.
On July 11th, Gelunhui reported that Techtronic Ind (00669.HK) announced the cancellation of 0.25 million repurchased shares on July 11, 2024.
UBS Group maintains a 'buy' rating for Techtronic Ind with a target price of HKD121.
UBS Group released a research report and maintained its buy rating on Techtronic Ind (00669). It believes that Techtronic's diversified capabilities and battery procurement enable it to handle potential trade frictions. The bank also expects a smooth handover of the CEO position and sets the target price at HKD 121. The company's stock has dropped by 20% since its peak in May due to various macro factors such as the pace of interest rate cuts by the US Federal Reserve and worries of increased tariffs, as well as internal factors such as the change of CEO. However, the bank believes that the company's fundamentals remain intact and is optimistic about its short-term and long-term prospects. According to the bank, Techtronic's mid-term performance is expected to outperform the market, based on the company's survey of mainland suppliers and comparison with peers.
UBS Group: Maintains a "buy" rating for Techtronic Ind (00669) with a target price of HKD 121.
UBS Group expects a 8.3% year-on-year increase in revenue for China Create Capital in the medium term.
Techtronic Ind. (00669.HK) issued 0.147 million shares by exercising its share purchase rights.
On July 10th, Geelong announced that Techtronic Ind (00669.HK) will issue 0.147 million new shares in accordance with the post-listing stock purchase plan (adopted on May 19, 2017) by exercising the granted stock purchase rights on July 10th, 2024.
Nomura Adjusts Techtronic Industries' Price Target to HK$103 From HK$108, Keeps at Buy
Nomura: reiterates buy rating on Techtronic Ind, target price lowered to 103 HKD.
Nomura released a research report stating that it has lowered the target price of Techtronic Ind (00669) by 4.6% to HKD 103, compared to other products, the demand for the group's power tools in Q3 2024 may be stronger, and earnings per share growth may be lower than consensus, but the rating remains "buy". The bank pointed out that the company's revenue may achieve mid-single-digit growth in the first half of 2024, benefiting from strong replenishment demand for portable outdoor power equipment (OPE) in Q1; hand-pushed OPE and manual tool revenue grew strongly year-on-year in Q1; due to the continuous decline in existing home sales in the United States, and
Nomura: Rated techtronic ind as "buy", with a target price of HKD 103.
Nomura predicts that techtronic ind (00669) may have lower earnings per share growth than consensus in 2024.
Techtronic Ind (00669.HK) cancelled 500,000 repurchased shares on July 3.
Techtronic Ind (00669.HK) announced on July 3, Glorus said that the company will cancel 500,000 repurchased shares on July 3, 2024.
Techtronic Ind (00669.HK) bought back 250,000 shares for HKD 22.2448 million on July 2.
On July 2nd, Techtronic Industries (00669.HK) announced that it spent HKD 22.2448 million to buy back 250,000 shares.
Techtronic Ind (00669) spent HKD 22,244,800 to repurchase 250,000 shares on July 2nd.
Techtronic Ind (00669) announced that on July 2, 2024, the company spent 22,244,800 Hong Kong dollars...
[Special guest commentator] Deng Shengxing: There will be little change in the geopolitical situation in the second half of 2024. The stock market still faces many uncertainties.
Jinwu Financial News | Hong Kong stocks will be closed all day on Monday (1) for the July 1st holiday. The Hang Seng Index closed at 17718 on Friday (28th), rising slightly by 2 points. The market traded 98.887 billion yuan a day. The SOE Index closed at 6331, up 7 points or 0.12%. The index lost, falling 34 points, or 0.96%, to 3,554 points. Tencent (00700) fell 0.5% to 372.4 yuan, and had the highest turnover of 5.808 billion yuan. Meituan (03690) fell 2.3% to $111.1. “Chinese characters” are highly sought after, and CNPC (00857) rose 4.4%, making it the best performing blue chip
Risks To Shareholder Returns Are Elevated At These Prices For Techtronic Industries Company Limited (HKG:669)
On June 21, Techtronic Industries (00669.HK) spent 22.97 million Hong Kong dollars to buy back 250,000 shares.
On June 21, Gelun Hui announced that Techtronic Ind (00669.HK) will spend HK$22,972,800 to repurchase 250,000 shares on June 21, 2024 at a repurchase price of HK$91.55-92.05 per share.
Techtronic Ind (00669.HK) spent HKD 23.5332 million to buy back 250,000 shares on June 20.
On June 20th, Techtronic Industries (00669.HK) announced that it spent 23.5332 million HKD to repurchase 250,000 shares.
Is Techtronic Industries (HKG:669) Using Too Much Debt?
Hong Kong Stock Market Dynamics | Techtronic Ind (00669) rose more than 3%, spending HKD 23,597,600 to repurchase 250,000 shares.
According to the Wisdom Finance and Economics app, Techtronic Ind (00669) rose more than 3%, as of press time, up 3.13%, at HKD 97.350, with a turnover of HKD 17.7001 million. On the news front, Techtronic Ind announced that on June 12, 2024, the company spent HKD 23.5976 million to buy back 250,000 shares, with a repurchase price of HKD 94.15-94.7 per share. Bank of America Securities issued a research report giving Techtronic Ind (00669) a Buy rating, even though free cash flow was not balanced in the past ten years, it is estimated that the baseline for future free cash flow will be higher and more consistent.
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