TECHTRONIC IND (00669) surged more than 4%, reaching HK$87.1 by the time of writing, with a trading volume of HK$199 million. The rally follows Home Depot's weaker-than-expected Q3 earnings report. Citigroup noted that TECHTRONIC IND's largest customer, Home Depot, reflects trends in the U.S. consumer market. Given that TECHTRONIC IND focuses heavily on the professional segment—accounting for about 70% of total sales—the bank maintained its full-year forecasts for the company.

Citigroup suggested that TECHTRONIC IND could see accelerated growth starting next year. If the stock dips due to Home Depot's underperformance, it may present a buying opportunity. Home Depot reported lower-than-expected Q3 revenue and net profit, revising its full-year EPS guidance down by 3% to $14.48, below prior estimates. However, excluding storm and weather-related impacts, its core business remained stable.

Additionally, TECHTRONIC IND's management noted that despite moderate price increases from U.S. tariffs, point-of-sale performance for its products remained healthy in Q3.