Shares & Derivatives
A Hard Look At Techtronic Industries Co. Ltd.
By Value Invest Asia  •  June 5, 2020
Techtronic Industries Co. Ltd. (TTI) (HKG:0669) is a fast-growing world leader in power tools, accessories, hand tools, outdoor power equipment, and floor care for Do-It-Yourself (DIY), professional and industrial users in the home improvement, repair, maintenance, construction and infrastructure industries. In this article, we will take a closer look at TTI’s business profile, management, and financials, to assess whether the company is suitable to invest in. Global footprint TTI has a global footprint. Its operations around the world include manufacturing factories, R&D facilities, as well as sales, marketing and administrative offices in North America, Middle East and Africa, Australia and New Zealand, Asia and South America.
(Source: company website) Geographically, North America and Europe are the TTI’s largest customer locations, accounting for 91.76% and 92.22% of total revenue from external customers in 2018 and 2019 respectively.
Revenue from external customers
2019 US$’000 2018 US$’000
North America 5,909,781 5,371,768
Europe 1,160,614 1,071,056
Other countries 596,326 578,358
Total 7,666,721 7,021,182
(Source: 2019 annual report) Home Depot is...
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By Value Invest Asia
Value Invest Asia started as a simple idea. While we are still studying for the Chartered Financial Analyst Program, three of us met at a CFA event. We were just starting out in our career but we found out even then, that not many people in the financial world are true believers of value investing ...
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