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<Research>G Sachs Rates TECHTRONIC IND at Buy for Attractive Valuation: 2H25 GPM Beats
Recommend 5 Positive 5 Negative 4 |
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According to a Goldman Sachs research report, TECHTRONIC IND (00669.HK) announced its 2025 results yesterday (3rd), with revenue/ operating profit/ net profit growing by 4%/ 6%/ 7% YoY to USD15.26 billion/ USD1.325 billion/ USD1.198 billion, missing the broker's forecasts by 1%/ 3%/ 3%, but generally in line with expectations. In contrast, TECHTRONIC IND's 2025 GPM expanded by 0.9 ppts YoY to 41.2%, and the GPM in 2H25 even exceeded expectations. Goldman Sachs said TECHTRONIC IND's 2H25 revenue/ operating profit/ net profit decreased by 5%/ 12%/ 9% YoY, 2%/ 5%/ 6% lower than the broker's forecasts. Considering TECHTRONIC IND's forecasted revenue and net profit CAGR of 8% and 13%, respectively, between 2025 and 2030, Goldman Sachs views the company's stock valuation as attractive. Goldman Sachs has given TECHTRONIC IND a target price of HKD112.3, with a Buy rating remaining unchanged. AAStocks Financial News |
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