Core Viewpoint - The stock of Techtronic Industries (00669) has dropped over 3%, currently at HKD 85.4, with a trading volume of HKD 332 million, following disappointing quarterly results from its major customer, Home Depot, which reflects the ongoing weakness in the U.S. housing market [1] Group 1: Company Performance - Home Depot's Q3 results for fiscal year 2025 fell short of expectations, leading to a downward revision of its annual performance guidance due to weak consumer demand for home improvement products [1] - Citigroup noted that Techtronic's business is heavily reliant on professional sectors, accounting for approximately 70% of total sales, and maintains its forecasts for the company this year [1] - Goldman Sachs expects Techtronic's sales to remain resilient in the second half of the year, but revenue growth may slow from 7% in the first half to 3% in the second half due to adjustments in the Milwaukee product line and autumn promotional activities [1] Group 2: Market Outlook - Citigroup believes that if Home Depot's performance does not meet expectations, leading to a decline in Techtronic's stock price, it could present a buying opportunity for investors [1] - Goldman Sachs maintains its forecast for Techtronic's annual revenue growth at 5% year-on-year, despite anticipated slower growth in the latter half of the year [1]

Core Viewpoint - The stock of Techtronic Industries (00669) has dropped over 3% following disappointing quarterly results from its major customer, Home Depot, which reflects a weak U.S. housing market and reduced consumer demand for home improvement products [1] Group 1: Company Performance - Techtronic Industries' stock fell by 3.5%, trading at HKD 85.4 with a transaction volume of HKD 332 million [1] - Citigroup noted that Home Depot's performance is indicative of the U.S. consumer market dynamics, and since Techtronic's business focus is on the professional sector, which accounts for about 70% of its total sales, they maintain their forecasts for the company this year [1] - Goldman Sachs expects Techtronic Industries to maintain resilient sales in the second half of the year, but revenue growth may slow down from 7% in the first half to 3% in the second half due to adjustments in the Milwaukee product line and autumn promotional activities [1] Group 2: Market Outlook - Home Depot has lowered its full-year performance guidance due to ongoing weakness in the U.S. housing market [1] - Citigroup believes that if Home Depot's performance does not meet expectations, leading to a decline in Techtronic's stock price, it could present a buying opportunity for investors [1] - Goldman Sachs maintains its forecast for Techtronic Industries' full-year revenue growth at 5% year-on-year, despite the anticipated slowdown in the second half [1]