HK Stock Market Move | TECHTRONIC IND(00669) rose by over 4% again, flagship brand sales performance excellent, company's first half year performance reached a historic high.

TECHTRONIC IND (00669) rose more than 4%, rising 4.35% to HK$98.3 as of the time of writing, with a turnover of HK$176 million. On the news front, TECHTRONIC IND announced that it achieved operating income of US$7.833 billion in the first half of the year, an increase of 7.1% year-on-year; net profit attributable to the parent was US$628 million, an increase of 14.2% year-on-year; the corresponding net profit margin was 8.0%, an increase of 0.5 percentage points. The performance growth was mainly due to the excellent sales performance of flagship brands Milwaukee and RYOBI, which continued to consolidate their leading advantages; the proportion of high-end brand revenue increased, strategically reducing investment in non-core businesses, and improving overall production and procurement efficiency to drive profit growth. Citigroup released a report stating that TECHTRONIC IND achieved a record high in the first half of the year, with revenue growing 7.1% and net profit increasing by 14.2%, slightly below the bank's forecast of 17%. Nonetheless, the company expressed confidence in achieving mid-to-high single-digit revenue growth this year, as well as its medium-term goal of expanding EBIT profit margin from 8.7% last year to 10%. The bank expects that starting in 2026, due to faster market share gains and normalization of industry growth, the company's revenue will accelerate with high single-digit growth.