CICC: Initiates coverage of Techtronic Industries Co. Ltd. (00179.HK) with an "outperform" rating and a target price of HK$43.6.

Wisdom Finance APP learned that Zhongjin released a research report stating that it has initiated coverage on Techtronic Motor Holdings (00179.HK) for the first time, with an "outperform industry" rating and a target price of 43.6 Hong Kong dollars, equivalent to forecasted P/E ratios of 20 times and 18.9 times for the 2026 and 2027 financial years respectively. Zhongjin stated that the company is a global leader in micro motors and has entered new areas such as humanoid robots and liquid cooling. As a leading enterprise in automotive micro motors with deep market coverage worldwide, the company is well positioned to benefit from the continuous expansion of the micro motor market under the trend of automotive electrification. By leveraging its solid advantages, the company is expanding into the fields of humanoid robots and liquid cooling to create new sources of growth.