"Foreign Capital Highlights" Citigroup sets a target price of HKD 125 for Techtronic Industries, reiterating a "Buy" rating
Citi reiterated its "Buy" rating on Techtronic Industries, with a target price of HKD 125. Although Stanley Black & Decker lowered its adjusted earnings per share guidance for 2025 to USD 4.55, this is in line with Citi's expectations. Citi is more confident in its 2025 forecast for Techtronic Industries, believing that its stock price has fallen excessively, and expects a price-to-earnings ratio of 14 times in 2026, with a dividend yield of over 3%
According to a research report released by Citigroup on the 5th, although Stanley Black & Decker has lowered its adjusted earnings per share guidance for 2025 to $4.55, it remains in line with the bank's expectations. More importantly, Stanley Black & Decker maintains its full-year revenue guidance for 2025 to be flat to down 1%. Citigroup stated that it is more confident in the 2025 forecast for Techtronic Industries (00669), as the stock prices of Techtronic Industries and Stanley Black & Decker recently fell due to the Federal Reserve's uncertain comments regarding a rate cut in December. The bank believes that the decline in Techtronic Industries is excessive, with a projected price-to-earnings ratio of only 14 times for 2026 and a dividend yield of over 3%, supported by a 14% compound annual growth rate over three years. Citigroup reiterated its "Buy" rating on Techtronic Industries, with a target price of HKD 125. (jl) \* Editor's Note: This article is for reference only and does not constitute an offer, solicitation, invitation, inducement, or any representation or establishment of any proposal or recommendation of any kind or form. Readers are advised to exercise their independent judgment in making investment decisions. The Economic Information Agency, the editor, and the author are not responsible for any losses incurred due to related recommendations
