HK Stock Market Move | TECHTRONIC IND (00669) falls more than 3%, Home Depot's performance disappoints expectations, Goldman Sachs expects the company's revenue growth to slow down in the second half of the year.

TECHTRONIC IND (00669) fell by over 3%, dropping to 3.5% as of the time of writing, reaching 85.4 Hong Kong dollars with a turnover of 3.32 billion Hong Kong dollars. On the news front, recently, the American home improvement retail chain brand Home Depot released its third quarter financial report for the 2025 fiscal year, showing that the company's main performance indicators for the quarter were below expectations. Due to the continued sluggishness of the US real estate market and weak consumer demand for home improvement and home goods, the company also lowered its full-year performance guidance. Citigroup stated that Home Depot, TECHTRONIC IND's largest customer, reflects the dynamics of the American consumer market, and TECHTRONIC IND's business focus is more on the professional field, accounting for about seventy percent of its total sales, therefore maintaining its forecast for this year. The bank pointed out that Chico is expected to accelerate growth next year, and if Home Depot's performance falls short of expectations leading to a decline in TECHTRONIC IND's stock price, it believes it would be a buying opportunity for the stock. In addition, Goldman Sachs referred to the third quarter performance of TECHTRONIC IND's competitor Stanley Agriculture Group Black & Decker and its main customer Home Depot, expecting TECHTRONIC IND's sales to maintain resilience in the second half of the year but with a possible slowdown in revenue growth compared to the first half, due to adjustments in the Milwaukee product line shipments and fall promotional activities; therefore, the bank maintains its forecast of a 5% year-on-year revenue growth for TECHTRONIC IND for the whole year, but expects the revenue growth in the second half of the year to decrease from 7% in the first half to 3%.