---
title: "Daiwa Raises TECHTRONIC IND  TP to HKD170 on Interim Results Beat, Lifts EPS Forecasts"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/294904792.md"
description: "Daiwa raised TECHTRONIC IND's target price to HKD170 and reiterated a Buy rating following interim results that beat market consensus. EBIT margins rose 86 bps YoY, driving 1H earnings growth of 17.5%. The broker lifted EPS forecasts for 2026-2028 by 4-5%, citing strong margin expansion from the Milwaukee brand and potential one-off gains from tariff rebates in H2 2026."
datetime: "2026-08-05T03:31:43.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/294904792.md)
  - [en](https://longbridge.com/en/news/294904792.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/294904792.md)
---

# Daiwa Raises TECHTRONIC IND  TP to HKD170 on Interim Results Beat, Lifts EPS Forecasts

Daiwa said in a research report that TECHTRONIC IND (00669.HK) +9.400 (+7.068%) Short selling $177.92M; Ratio 15.986% delivered solid interim results, with EBIT margin rising 86 bps YoY to 9.9%, very close to management's internal target of 10% by 2027. Margin performance significantly exceeded expectations, driving 1H earnings growth of 17.5% to USD738 million, 3% above market consensus. The broker reiterated its Buy rating on TECHTRONIC IND (00669.HK) +9.400 (+7.068%) Short selling $177.92M; Ratio 15.986% and raised its TP from HKD143 to HKD170.

The report added that management disclosed the 1H margin had yet to reflect potential tariff rebates, which are expected to bring one-off gains in 2H26. Daiwa believed TECHTRONIC IND (00669.HK) +9.400 (+7.068%) Short selling $177.92M; Ratio 15.986% may achieve its 10% EBIT margin target one year ahead of schedule, reaching the goal in 2026 even without factoring in potential one-off gains from tariff rebates. As the contribution from the higher-margin Milwaukee brand continues to increase and the drag from other smaller brands diminishes, Daiwa expected TECHTRONIC IND (00669.HK) +9.400 (+7.068%) Short selling $177.92M; Ratio 15.986% to see continued margin expansion with high visibility from 2026 to 2028, and raised its EPS forecasts for 2026-2028 by 4% to 5%. (gc/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-04 16:25.)

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