HSBC Research Lowers TECHTRONIC IND (00669.HK) Price Target to $108 Due to Short-Term Sales Slowdown, Yet Maintains Positive Interim Outlook | Intellectia.AI
HSBC Research Lowers TECHTRONIC IND (00669.HK) Price Target to $108 Due to Short-Term Sales Slowdown, Yet Maintains Positive Interim Outlook
Written by Emily J. Thompson, Senior Investment Analyst
Stock Performance: TECHTRONIC IND's share price has decreased by approximately 9% year-to-date, underperforming the HSI, which has increased by about 30% due to growth slowdowns linked to tariff uncertainties.
Future Outlook: HSBC Global Research maintains a positive long-term outlook for TECHTRONIC IND, forecasting a 7% CAGR for revenue and 14% for EPS from 2024 to 2027, despite short-term sales pressures and the termination of the HART business.
Revised Forecasts: The broker has adjusted its 2H25 revenue growth forecast down from 5.1% to 2.3% and reduced the EBIT margin forecast from 8.8% to 8.4%, reflecting current market challenges.
Target Price Adjustment: HSBC lowered its target price for TECHTRONIC IND from $112 to $108 while maintaining a "Buy" rating, anticipating continued market share growth and potential margin expansion starting next year.
Wall Street analysts forecast 00669 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00669 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Analyst Rating
Wall Street analysts forecast 00669 stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for 00669 is USD with a low forecast of USD and a high forecast of USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
0 Buy
0 Hold
0 Sell
Current: 99.550
Low
Averages
High
Current: 99.550
Low
Averages
High
HSBC
HSBC Global Research
Buy
downgrade
$112 -> $108
Al Analysis
2025-12-19
Reason
HSBC
HSBC Global Research
Price Target
$112 -> $108
Al Analysis
2025-12-19
downgrade
Buy
Reason
The analyst rating for TECHTRONIC IND (00669.HK) is maintained at "Buy" by HSBC Global Research due to several reasons:
1. Solid Interim Outlook: Despite short-term pressures, the company's interim outlook is considered solid, with forecasts indicating a compound annual growth rate (CAGR) of 7% for revenue and 14% for earnings per share (EPS) from 2024 to 2027.
2. Strong Sell-Through and Restocking Demand: The broker believes that TECHTRONIC IND's sell-through remains strong, and there is expected restocking demand that should enhance growth performance in 2026.
3. Market Share Gains: HSBC Global Research is optimistic that TECHTRONIC IND will continue to gain market share even in an uncertain trade environment.
4. Potential Margin Expansion: There is an expectation that margin expansion may accelerate starting next year, which could positively impact the company's financial performance.
Although the target price was trimmed from $112 to $108 and short-term challenges were acknowledged, the overall outlook remains positive, justifying the "Buy" rating.
JP Morgan
maintain
$135 -> $136
2025-11-28
Reason
JP Morgan
Price Target
$135 -> $136
2025-11-28
maintain
Reason
The analyst rating for TECHTRONIC IND was retained as "Overweight" due to the resilience demonstrated in both the professional and retail product markets, despite potential short-term weaknesses in U.S. consumer data amid macro uncertainties. The demand in the industry was perceived to be much stronger than some brokers had anticipated, with no apparent signs of deterioration at present. Additionally, JP Morgan's earnings forecast for the company remained several percentage points above the street consensus, leading to a slight increase in the target price from HKD135 to HKD136.
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UBS
upgrade
$120
2025-10-21
Reason
UBS
Price Target
$120
2025-10-21
upgrade
Reason
The analyst rating from UBS is based on the expectation that the current escalation of the US-China trade conflict will reshape the global supply chain, potentially leading to accelerated industry consolidation. Companies with established overseas production capacities and first-mover advantages are anticipated to strengthen their positions in existing markets, while smaller exporters may exit the US market. UBS identified specific companies across various industries that are expected to benefit from these changes, leading to their ratings of "Buy" for those companies.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
