HK Stock Market Move | Techtronic Industries (00669) rose more than 3% in the afternoon. Nomura predicted that its performance in the second half of the year will be strong, as the company has significantly improved its supply chain resilience.

TECHTRONIC IND (00669) rose more than 3% in the afternoon, with a 3.34% increase to HKD 100.5 as of the time of writing, with a turnover of HKD 2.61 billion. Nomura released a research report stating that it is expected that TECHTRONIC IND's earnings per share in the second half of 2024 will increase by over 15% year-on-year, mainly due to increased sales from hurricane-related demand in September and October; promotional activities will lead to steady growth in shipments in the fourth quarter of 2024; changes in product mix will continue to expand gross profit margin. Looking ahead to the first half of 2025, the bank expects some additional replenishment demand for the company's OPE; the Los Angeles fire incident may also bring sales growth. In addition, CMSC recently released a research report stating that the top tool companies are able to cover US demand by accelerating overseas production capacity construction by 2025-2026, combined with short-term stocking sent to warehouses to manage risks. Lyon stated that in terms of trade uncertainty, Techtronic has significantly improved its supply chain resilience. It is reported that TECHTRONIC IND's overseas production capacity layout involves Vietnam, Mexico, and the United States, with 3 Southeast Asian production bases, 5 European production bases, and 3 American production bases.