Glonghui, December 8 丨 Jefferies published a research report saying that the management of Chuangke Industrial (0669.HK) reiterated their expectations that demand for the professional tool series and its brand Milwaukee will remain strong. They believe that revenue growth in FY2022 can be achieved, and market share will continue to increase, but at the same time, it is estimated that DIY market demand will remain low until the first half of next year. The bank said it expects I&T revenue to remain flat. In line with expectations, Milwaukee's growth continues to be a highlight, and is expected to achieve 20% year-on-year growth this year. The bank also pointed out that the company's revenue growth rate was initially predicted to reach 8.9% next year, but in response to weak DIY demand, the forecast has now been lowered to 2.9%. At the same time, Milwaukee sales are expected to increase 15% in 2023, keeping the 2023 earnings forecast per share and the “buy” rating unchanged. The target price is HK$109.87, corresponding to next year's forecast price-earnings ratio of about 20 times.