Daily Investment Strategy
Daily focus：Techtronic Industries（669）
Techtronic Industries announced its unaudited consolidated results for the six months ended June 30, 2025. During the period, the Group’s revenue reached USD 7.8billion, representing a 7.5% increase in local currency. Net profit grew by 14.2% to USD 628 million, with basic earnings per share rising 14.1% to 34.37 US cents. Looking ahead to the second half of 2025, management aims to continue enhancing profitability, targeting double-digit and mid-single-digit sales growth and expects to achieve the medium-term goal of EBIT before dividend payment accounting for 10% of sales. The Group plans to actively address macroeconomic and geopolitical challenges to consolidate its global leadership in the cordless product market.
Trump's tariff threats are a market focus.
U.S. stocks closed lower on Tuesday, with the S&P 500 down 0.49% to 6,299 points. Market attention was focused on Trump's escalating tariff campaign: he threatened to significantly increase import tariffs on India within 24 hours, and if New Delhi did not purchase more Russian oil, the tariffs would rise to over 25%. He also announced plans to release tariffs on semiconductors and chips next week, covering the supply chains of NVIDIA and TSMC. Pharmaceutical tariffs will initially be small, but could reach as high as 250% within 18 months. Furthermore, the EU will face sanctions if it fails to fulfill its investment commitments. This series of measures has raised concerns among foreign investors and industry about strained global supply chains, putting pressure on technology and pharmaceutical stocks, and market volatility is expected to continue to rise.
Hong Kong Stock Connect saw a net inflow of HK$23.4bn on Monday, with the largest net inflow of HK$6.3bn going to Tracker Fund of Investments (2800), followed by Tencent (0700). Guotai Junan Securities (1788) saw the largest net outflow of HK$50.7mn.
Leung Kai Tong is a SFC licensed person accredited to KGI Group to carry on regulated activities (for details, please refer to: https://apps.sfc.https://apps.sfc.hk/publicregWeb/indi/ADU276/details). He and/or his associate do not have any financial interest in the recommended issuer or new listing applicant.
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