Glonghui, January 10 | J.P. Morgan Chase published a research report saying that Chuangke Industrial's stock price performance has taken a turning point since mid-October last year. Compared with mid-October last year, the Hang Seng Index has fallen 4% over the same period. I believe this is due to investors already downplaying the effects of short selling reports, poor profits, lower guidelines, inventory removal, and interest rate hikes. Looking ahead to 2024, according to Motong, the company's management revealed that sales growth is picking up again. Milwaukee's sales increased by more than 10% in the second half of 2023. Sales of professional tool products are expected to grow at an average compound annual rate of 12% to 15% in the 2024-2026 fiscal year. The bank expects that with the support of technology-led product innovation and a higher gross margin product portfolio, I&T's EBIT margin is expected to rise to about 10% by 2026. It is expected that the growth momentum will return this year and the operating conditions are in line with market expectations, then there is room for the stock price to rise. The target price will rise from HK$96 to HK$107. It is expected that the compound annual profit growth rate for the 2024-2025 fiscal year will accelerate again to 18%, maintaining the “gain” rating.