Yamato: Creations Technology Holdings (00669.HK) raises interim profit forecast, target price increased to HKD 170.

According to the Zhihong Finance APP, Daiwa released a research report stating that Techtronic Industries (00669.HK) showed robust interim performance, with EBIT margin rising by 86 basis points year-on-year to 9.9%, very close to the management's internal target of reaching 10% by 2027. The margin significantly exceeded expectations, driving a 17.5% profit growth in the first half of the year to $738 million, which was 3% higher than market expectations. The firm reiterated its "Buy" rating on Techtronic, raising the target price from HKD 143 to HKD 170.