Glonghui, March 11 | Goldman Sachs released a report saying that I&T Industrial's performance for the last year was in line with the forecast, mainly because interest expenses were slightly lower than expected. The gross profit margin for the second half of last year was 39.7%, up 0.1 percentage points from year to year, and 0.4 percentage points higher than in the first half of the year. The company's overall sales are increasing by medium unit figures this year. The bank believes that it is a 10% increase compared to the second half of last year, and the guidelines are conservative. Milwaukee's business growth target is 10% to 14%, and the company also expects that if consumer confidence improves, consumer DIY products may recover further in the second half of this year. The bank slightly lowered the I&T target price from HK$113.3 to HK$110.2, maintaining its “buy” rating.