智通财经APP获悉，创科实业(00669)盘中涨超5%，截至发稿，涨3.84%，报124.3港元，成交额9.12亿港 元。 小摩此前发布研报称，电动工具行业正重新步入增长轨道，推动因素包括供应链及库存调整正常化、利 率周期更有利，以及公司自身的催化剂。针对创科实业，该行预期Milwaukee品牌收入增长将重新加 速，因总市场规模快速扩张。同时，在退出沃尔玛的HART品牌后，公司将重新聚焦消费业务，尤其是 家得宝的Ryobi品牌。 消息面上，美国最高法院宣布特朗普政府实施多项关税无效。随后特朗普将全球关税提高至15%，为期 150天。花旗认为，这项裁决对大多数中国出口商而言总体上属于利好消息，因为其美国客户现需支付 更高对等关税，并不是根据第122条款额外征收的15%关税，故在美国销售业务占更高的公司应该受益 更多。该行较看好创科实业。 ...

Core 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]