The Zhitong Finance App learned that Chuangke Industrial (00669) rose more than 3%. As of press release, it had risen 3.43% to HK$129.7, with a turnover of HK$711 million.

According to the news, UBS released a research report saying that the management of I&T Industries reiterated their confidence in reaching the 6 to 7% revenue growth guideline this year, mainly driven by Milwaukee's low year-on-year double-digit growth.

UBS added that AIDC has benefited from years of backlog of orders from contractors, and related sales have remained strong. The bank quoted management's forecast that the EBIT profit margin is expected to reach 10% this year, earlier than the original schedule, and the EBIT profit margin is expected to increase further due to continued expansion in gross margin and a stable sales and administrative expenses ratio. Management also pointed out that there is potential room for an increase in the dividend payout ratio and may increase share repurchases.

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