Zhi Tong Cai Jing·2026-01-16 02:52Core Viewpoint - The article highlights that Techtronic Industries (00669) is experiencing a stock price increase of over 4%, driven by positive market sentiment and favorable industry conditions as outlined by Morgan Stanley's report, which identifies the company as a top pick for 2026 [1] Group 1: Company Performance - Techtronic Industries' stock rose by 4.16%, reaching HKD 102.6, with a trading volume of HKD 243 million [1] - Morgan Stanley anticipates a resurgence in revenue growth for the Milwaukee brand due to the rapid expansion of the total addressable market (TAM) [1] Group 2: Industry Trends - The electric tools industry is reportedly returning to a growth trajectory, supported by factors such as normalization of supply chains and inventory adjustments, a more favorable interest rate cycle, and company-specific catalysts [1] - The channel destocking cycle in the industry is nearing completion, with strong pricing power and accelerated industry consolidation benefiting large brand suppliers [1] - Demand for both professional and DIY products is showing a significant recovery, indicating a positive outlook for the industry [1]