Quote | Super Quote
Super Quote   |   Detail Quote   |   Interactive Chart   |   Transaction   |   Related News   |   Related Securities   |   Company Information   |   Dividend Records   |   Short Sell
00669 TECHTRONIC IND
RTNominal down106.100 -3.000 (-2.750%)
Research Report

14/09/2020 11:51

{I-bank focus}UBS lifts Techtronic Industries to HK$120

[ET Net News Agency, 14 September 2020] UBS Global Research lifted its target price for
Techtronic Industries (TTI)(00669) to HK$120 from HK$91 and maintained its "buy" rating.
The research house turned more positive on TTI's long-term prospects as UBS expects it
to further consolidate its leading position in the cordless power tool market and start
disrupting the power equipment sector (ie, outdoor power equipment and light construction
equipment).
UBS lifted its 2020-22 earnings estimates by 9-13% and assume higher growth beyond 2022.
It noted that TTI is trading at 25x 2021 PE, 3% below Makita's 26x and higher than Stanley
Black & Decker's (SWK) 18x, but its earnings growth is at 2x (20.4% in 2019-22, compared
with peers' 10.2%). Along with its higher 2020 ROE (20.2%, compared with peers' 9.7%), UBS
thinks TTI is still undervalued. (KL)

Remark: Real time quote last updated: 28/03/2024 18:00
  Real-time basic market prices of Hong Kong securities are provided by HKEx; a Designated Website authorized by the HKEx Group to provide the Service
A Member of HKET Holdings
Customer Service Hotline:(852) 2880 7004     Customer Service Email:cs@etnet.com.hk
Copyright 2024 ET Net Limited. http://www.etnet.com.hk ET Net Limited, HKEx Information Services Limited, its Holding Companies and/or any Subsidiaries of such holding companies, and Third Party Information Providers endeavour to ensure the availability, completeness, timeliness, accuracy and reliability of the information provided but do not guarantee its availability, completeness, timeliness, accuracy or reliability and accept no liability (whether in tort or contract or otherwise) any loss or damage arising directly or indirectly from any inaccuracies, interruption, incompleteness, delay, omissions, or any decision made or action taken by you or any third party in reliance upon the information provided. The quotes, charts, commentaries and buy/sell ratings on this website should be used as references only with your own discretion. ET Net Limited is not soliciting any subscriber or site visitor to execute any trade. Any trades executed following the commentaries and buy/sell ratings on this website are taken at your own risk for your own account.