---
title: "UBS Raises TECHTRONIC IND  EPS Forecasts and TP, Optimistic on AIDC Construction Demand Supporting Long-term Growth"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/295053183.md"
description: "UBS raised TECHTRONIC IND's EPS forecasts for 2026-2028 by ~3% and increased its target price to HKD168, maintaining a Buy rating. The upgrade is driven by strong H1 results and optimistic outlook on AI data center (AIDC) construction demand, which boosts tool usage density. UBS expects AIDC-related sales to grow >20% annually, reaching 20% of group sales by 2028, with an expected EPS CAGR of 18%."
datetime: "2026-08-06T04:21:59.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/295053183.md)
  - [en](https://longbridge.com/en/news/295053183.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/295053183.md)
generator: "portal-rs"
---

# UBS Raises TECHTRONIC IND  EPS Forecasts and TP, Optimistic on AIDC Construction Demand Supporting Long-term Growth

UBS published a research report saying that TECHTRONIC IND (00669.HK) +2.800 (+1.947%) Short selling $237.59M; Ratio 14.345% 's results for the first half exceeded expectations. It accordingly raised its EPS forecasts for 2026 to 2028 by an average of about 3%, while increasing the TP from HKD148 to HKD168, corresponding to a forecast P/E ratio of about 23x for 2027, above the stock's historical P/E range of around 15x to 20x.

UBS said it believes the valuation premium is justified, expecting earnings growth from 2026 to 2028 to be stronger than in the past, and maintained its Buy rating. Management pointed out that demand for artificial intelligence data centers (AIDC) is increasing, while AIDC construction involves more complex systems, with tool usage density being twice that of general infrastructure projects. Coupled with the continued labor shortage in the US, this is favorable for the development of its related innovative tools and solutions business. Currently, data center-related business accounts for about 15% to 20% of Milwaukee revenue, while Milwaukee contributes about 71% of the group's total revenue.

UBS expected AIDC-related sales revenue to record growth of more than 20% in the coming years, accounting for about 20% and 26% of the group's total sales and earnings respectively by 2028. It currently forecasts TECHTRONIC IND's EPS CAGR for 2026 to 2028 at about 18%. (gc/a)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-08-05 16:25.)

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> **Disclaimer: This article is for reference only and does not constitute any investment advice.**