CLSA: Techtronic Industries (00669.HK) Expected to See Sustained Strong Demand in 2H, Maintains "Outperform" Rating

Zhito Finance APP has learned that CLSA issued a research report stating that Techtronic Industries' (00669.HK) management expects demand to remain strong in the second half of the year, especially in the professional business segment. Milwaukee's exposure to services, maintenance, and high-growth verticals can offset sensitivity to the housing cycle. The bank maintains Techtronic's "Outperform" rating and a target price of HK$134, believing that the company is a major beneficiary of the rising penetration rate of cordless power tools.