Techtronic Industries Co Ltd (00669.HK) shares surged nearly 5% in early trading on Friday, climbing 4.81% to HK$139.40, with turnover reaching HK$188 million.

The rally follows the company's release of its 2026 first-half results, which revealed a 5.9% year-on-year increase in revenue to US$8.3 billion and a 17.5% jump in net profit to US$738 million. On an adjusted basis, the global Milwaukee business grew 10.5% in local currency terms. Meanwhile, the RYOBI brand reported a 1.7% rise in sales to US$1.9 billion in local currency, underscoring sustained demand for cordless power tools and outdoor electric equipment among consumers.

Bank of America Securities recently issued a research note after meeting with Techtronic Industries' management and conducting field visits in Boston, where they engaged with contractors and utility companies. The analysts highlighted promising growth prospects for the Milwaukee brand in the utilities sector, noting that the brand's professional tools boost worker productivity and safety, with customers generally willing to pay a premium. The brokerage expects Milwaukee's focus on expanding into complex, high-end, and DC-related product areas to support the company in achieving its 10% EBIT target.