CICC lowers target price of Techtronic Industries (00179.HK) to HK$30.5, first quarter performance exceeds expectations.

According to the Wisdom Financial APP, Zhongjin Securities released a research report stating that it maintains a profit forecast of $213 million for Delong Holdings (00179.HK) in the 2027 fiscal year and a profit forecast of $225 million for the 2028 fiscal year, with corresponding P/E ratios of 10.1 and 9.5 times. Considering the decline in sentiment in the robotics sector, the target price is lowered by 23.46% to HK$30.5, but considering the volume growth of new businesses such as SOFC, liquid cooling, and robotics, the "outperform industry" rating is maintained.