--- title: "Citi Raises TECHTRONIC IND TP to HKD168, Earnings Expansion Beats Forecast" type: "News" locale: "en" url: "https://longbridge.com/en/news/294907617.md" description: "Citi raised TECHTRONIC IND's target price to HKD168 and issued a 'Buy' rating, citing H1 earnings that beat forecasts due to tariff easing and product mix upgrades. The broker expects margin expansion in H2 2026 driven by US labor shortages boosting Milwaukee tool demand. Citi lifted 2026-2028 earnings forecasts by 4-5%, highlighting the company's strong market share gains and positioning it as a top pick among Chinese industrial stocks." datetime: "2026-08-05T04:06:43.000Z" locales: - [zh-CN](https://longbridge.com/zh-CN/news/294907617.md) - [en](https://longbridge.com/en/news/294907617.md) - [zh-HK](https://longbridge.com/zh-HK/news/294907617.md) generator: "portal-rs" --- # Citi Raises TECHTRONIC IND TP to HKD168, Earnings Expansion Beats Forecast Citi released a research report saying that TECHTRONIC IND (00669.HK) +8.900 (+6.692%) Short selling $177.92M; Ratio 15.986% 's revenue and net profit for the first half both beat expectations, mainly driven by tariff easing, product mix upgrades that led to better-than-expected EBIT margin expansion, and improving revenue growth in the consumer business. The broker expects labor shortages in the US to create stronger demand for Milwaukee tools. Management also disclosed that, benefiting from the continued improvement in Milwaukee's product mix, the full-year effect of easing US tariff impacts, and a lower seasonal contribution from outdoor sales in 2H26, there is upside potential for gross margin and EBIT margin in 2H26. Citi gave TECHTRONIC IND (00669.HK) +8.900 (+6.692%) Short selling $177.92M; Ratio 15.986% a "Buy" rating, believing the company's earnings recovery momentum is clear and that its pace of market share gains could accelerate from 2026 onward. The broker noted that the company has delivered outstanding results over the past 15 years in launching new products and continuously capturing market share, making it one of its top picks among Chinese industrial stocks. Citi raised its TP from HKD150 to HKD168 and lifted its 2026-2028 earnings forecasts by 4% to 5%. Within the global tools supply chain sector, the broker's preference ranking is TECHTRONIC IND (00669.HK) +8.900 (+6.692%) Short selling $177.92M; Ratio 15.986% , GREAT STAR IND (002444.SZ) +1.010 (+3.438%) , CHERVON (02285.HK) +1.000 (+5.144%) Short selling $1.18M; Ratio 13.835% , and finally Stanley Black & Decker, Inc. (SWK.US) . (gc/da)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-04 16:25.) (A Shares quote is delayed for at least 15 mins.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.) ### Related Stocks - [TTNDY.US](https://longbridge.com/en/quote/TTNDY.US.md) - [00669.HK](https://longbridge.com/en/quote/00669.HK.md) - [C.US](https://longbridge.com/en/quote/C.US.md) - [002444.CN](https://longbridge.com/en/quote/002444.CN.md) - [02285.HK](https://longbridge.com/en/quote/02285.HK.md) - [SWK.US](https://longbridge.com/en/quote/SWK.US.md) - [C-R.US](https://longbridge.com/en/quote/C-R.US.md) ## Related News & Research - [TTI files HKEX next-day disclosure return on share buyback for cancellation at HKD 3.5 million](https://longbridge.com/en/news/296208003.md) - [TTI files HKEX next-day disclosure return, issues 250,000 new shares via option exercise at HKD 51.08 each](https://longbridge.com/en/news/296086165.md) - [Public Storage announces R$ 0.41 per unit dividend for Q3 2026](https://longbridge.com/en/news/296635332.md) - [Tianqi Lithium schedules 2026 interim results briefing](https://longbridge.com/en/news/296784027.md) - [Corning sets Q3 2026 dividend at R$ 0.25 per unit](https://longbridge.com/en/news/296635714.md) --- > **Disclaimer: This article is for reference only and does not constitute any investment advice.**