The Zhitong Finance App learned that Lyon released a research report saying that Chuangke Industrial (00669) management expects demand to remain strong in the second half of the year, especially in the professional business sector. Milwaukee's exposure to service, maintenance, and high-growth verticals can offset sensitivity to the housing cycle. The bank maintains I&T's “outperforming the market” rating and a target price of HK$134. It believes that the company is the main beneficiary of the increase in the penetration rate of radio power tools.

The bank pointed out that AIDC now accounts for about 10% of the Group's revenue, an increase of about 20% over the previous year, and can provide a structural growth runway. Furthermore, management expects the operating profit margin to gradually reach 11% to 12% in the medium term, while maintaining investment in R&D and front-line resources. The bank expects dividend growth to be faster than profit growth, in line with the current $500 million repurchase plan, and potentially return on additional capital.

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