Citi issued a research report stating that Techtronic Industries (00669.HK) has advantages in product innovation and solution development, which should further widen its profit margin compared to its peers.

Citi expects that Techtronic's brand matrix and its close ties with the non-residential distribution channels will drive Milwaukee's sales growth back to double digits. The bank also estimates that Techtronic has significantly increased its supply chain flexibility to reduce exposure in the USA market due to trade uncertainties. Therefore, compared to its competitors, Techtronic is better prepared.

Citi also pointed out that due to trade fluctuations and slightly higher selling and administrative expenses (SG&A), it has lowered Techtronic's net profit forecast for the fiscal years 2025 and 2026 by 4.4% and 3.4% respectively, and reduced its target price from HKD 138 to HKD 135, reiterating the 'outperform the market' rating.