Techtronic Industries (00669) saw its share price climb more than 3% during the trading session. As of the latest update, the stock had advanced 3.48% to HK$130.80, with turnover reaching HK$605 million.

According to a company announcement on September 14, Techtronic Industries repurchased 88,000 shares, spending approximately HK$11.14 million. Market data reveals that since June 18, the company has executed share buybacks on 61 consecutive trading days, accumulating 1.999 million shares repurchased at a total cost of HK$260 million.

Year-to-date, the company has completed 72 separate buyback transactions, totaling 3.9565 million shares and representing an aggregate investment of HK$487 million.

Citi released a research report citing Techtronic Industries management, noting that supported by a lower comparison base and stronger point-of-sale demand in the second half of this year, revenue growth in the 2026 second half is expected to accelerate relative to the first half. The report also highlights that US tariff refunds will be recorded in the 2026 second half, which should further strengthen the balance sheet's net cash position. The investment bank anticipates this will help sustain the company's share buyback program beyond its scheduled conclusion at the end of 2027. Additionally, the company maintains its leadership position in key verticals including AIDC and electric power utilities, supported by more robust growth drivers.