HK Stock Market Move | TECHTRONIC IND (00669) rose nearly 5% in early trading, with net profit for the first half of the year increasing by 17.5% to 738 million USD.

TECHTRONIC IND (00669) rose nearly 5% in the morning session and, at the time of writing, was up 4.81%, trading at HKD 139.4 with a transaction volume of HKD 188 million. On the news front, TECHTRONIC IND announced that in the first half of 2026, revenue grew by 5.9% to USD 8.3 billion, and net profit increased by 17.5% to USD 738 million. After adjustment, the global MILWAUKEE business saw a 10.5% increase in local currency. Additionally, sales of the RYOBI brand grew by 1.7% in local currency, reaching USD 1.9 billion, indicating that the market demand for consumer rechargeable tools and outdoor electric tools remains strong. Bank of America Securities recently published a research report following a meeting with the TECHTRONIC IND management in Boston, where they conducted field investigations and communicated with contractors and utility companies. They believe that the Milwaukee brand under the group has favorable growth prospects in the utility sector, as the brand's professional tools can enhance workers' productivity and safety, with customers generally willing to pay a premium for this. They expect Milwaukee's focus on expanding complex, high-end, DC-related product areas will help the company achieve a 10% EBIT target.