[ET Net News Agency, 26 October 2017] Stanley Black & Decker (SWK), a competitor of
Techtronic (TTI)(00669), reported its 3Q results on 24 October, whereby sales beat
consensus by 5% and raised its full-year EPS guidance on expectations of higher organic
growth.
Macquarie Research sees positive implications for TTI from the strong growth in SWK's
power tools segment. In views of upbeat tone from SWK's 3Q result and revising-up outlook
for 2017, Macquarie believes TTI will also benefit from the healthy demand.
The research house's top pick in the Asia Home Improvement sector is TTI as it believes
TTI is best positioned to structural growth in cordless power tool innovation. It
maintained its "outperform" ratingon TTI, with a target price of HK$55. (KL)
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Super Quote | Detail Quote | Interactive Chart | Transaction | Related News | Related Securities | Company Information | Dividend Records | Short Sell
00669 TECHTRONIC IND
Nominal 
106.500 -0.200 (-0.187%) Others
26/10/2017 17:26
[I-bank focus]Positive implications for Techtronic from SWK
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