TECHTRONIC IND (00669) fell more than 3%, trading at HK$85.4 by the time of writing, with a turnover of HK$332 million. The decline follows the release of Home Depot's Q3 FY2025 earnings, which fell short of expectations. Due to the ongoing downturn in the U.S. housing market and weak consumer demand for home improvement products, the company also lowered its full-year guidance.

Citigroup noted that TECHTRONIC IND's largest client, Home Depot, reflects trends in U.S. consumer spending. Given that TECHTRONIC IND's business is heavily skewed toward the professional segment—accounting for about 70% of total sales—the bank maintained its full-year forecast. It suggested that TECHTRONIC IND could see accelerated growth starting next year, and any stock price dip due to Home Depot's underperformance may present a buying opportunity.

Meanwhile, Goldman Sachs referenced the Q3 performance of TECHTRONIC IND's competitor Stanley Black & Decker and key client Home Depot, expecting the company to maintain resilient sales in H2 but with slower revenue growth compared to H1. This slowdown is attributed to adjustments in Milwaukee product line shipments and the impact of fall promotional activities. The bank kept its full-year revenue growth forecast for TECHTRONIC IND at 5% year-on-year but projected H2 growth to decelerate from 7% in H1 to 3%.