[ET Net News Agency, 6 May 2021] CLSA lifted its target price for Techtronic Industries
(TTI) (00669) to HK$171 from HK$151 and maintained its "buy" rating.
The research house said power tool peers' strong performance in 1Q 2021 implies TTI's
performance to be decent, with strong US home furnishing retail sales reflecting decent
DIY tool demand supported by new products, along with the future infrastructure uptrend to
boost professional tools sales.
Meanwhile, new products, a better mix, efficiency gains, and supply-chain management
will support TTI's margin and offset higher costs for raw materials and shipping, and
capacity expansion will drive long-term momentum, CLSA added. (KL)
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00669 TECHTRONIC IND
Nominal 
105.000 +2.200 (+2.140%) Research Report
06/05/2021 14:37
{I-bank focus}CLSA lifts Techtronic Ind (00669) to HK$171
| Remark: | Real time quote last updated: 23/04/2024 17:59 |
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