0618 GMT - Techtronic Industries' 2025 revenue growth prospects look promising, CGS International's Ray Kwok says in a research report. The brokerage is positive on the technology company's medium- to long-term revenue growth outlook owing to strong sales of its Milwaukee brand of tools. CGS International forecasts the brand to sustain double-digit sales growth in 2H 2024 and in 2025, driven by new product launches. Expected U.S.-China trade tensions will probably have a limited impact on the Hong Kong-listed company thanks to its strong supply chain management and extensive manufacturing base. The brokerage raises the target price to HK$127.00 from HK$121.00 with an unchanged add rating. Shares are 4.4% lower at HK$108.90. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
November 06, 2024 01:18 ET (06:18 GMT)
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