According to the Intelligence Finance app, Bank of America Securities released a research report stating that Techtronic Industries (00669) has a 'buy' rating. Although the free cash flow of the past decade is not balanced, it is estimated that the baseline of future free cash flow will be higher and more consistent. It is expected that the net debt balance sheet will be achieved within 18 months, and the target price has been lowered from HKD 120 to HKD 117. After the company's CEO change, the strategy remains the same. Although the market was caught off guard by this news, the group's market leadership position has not changed.