This article only represents the author's own views.
Call it a post-Covid hangover. That’s what power tool makers have been feeling for the last half year, following a two-year boom fueled by strong demand from people doing home improvements during long periods stuck at home during the pandemic.
Local powerhouse Techtronic Industries Co. Ltd. (0669.HK) is feeling the pain more acutely than its peers, following a short seller attack last week that shaved a quarter off its market value. A week later, the company has just released its latest financial results that won’t do much to cheer investors still leery of any doubts created by the attack from Jehoshaphat Research.
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