Citigroup released a research report stating that due to the profit rebound, a "buy" rating was given to techtronic ind (00669), with an expected compound annual earnings growth rate for the group of about 18% from 2024 to 2026, and the target price was raised from HK$120 to HK$140.

The report states that under a declining interest rate cycle in the USA or European Union, the company's financing costs will decrease, the real estate market and construction activities may improve, hence raising the earnings forecast by 1 to 2% for the group in 2025 to 2026. The bank expects that it will take 6 to 9 months for the group to see positive profit impact after the Fed rate cut, which should stimulate housing transactions, thereby increasing demand.