TECHTRONIC IND (00669) rose over 4%, and as of the time of writing, the stock was up 4.16% to HK$102.6, with a turnover of HK$243 million. JPMorgan released a research report stating that TECHTRONIC IND is one of its top stock picks for 2026, believing the power tools industry is returning to a growth trajectory, driven by factors including the normalization of supply chain and inventory adjustments, a more favorable interest rate cycle, and company-specific catalysts. The report indicated that as the market refocuses on the industry's growth potential, it expects the sector to generally outperform the broader market for the remainder of the year. Regarding TECHTRONIC IND specifically, JPMorgan anticipates that revenue growth for the Milwaukee brand will reaccelerate due to the rapid expansion of the Total Addressable Market (TAM). Simultaneously, following the exit from the HART brand at Walmart, the company will refocus its consumer business, particularly on the Ryobi brand at The Home Depot. Discussions with industry leaders have further confirmed that the channel destocking cycle is nearing completion, pricing power remains strong, industry consolidation is accelerating, and this environment favors major brand suppliers. Furthermore, the impact of supply chain migration on the industry has largely passed, and demand from both professional and DIY segments has shown a significant recovery.