Techtronic Industries (0669): Global read-throughs from Quanta, SWK, and Makita highlight beats and raises, with TAM/margin expansion a key theme

Research evidence excerpt

Techtronic Industries (0669): Global read-throughs from Quanta, SWK, and Makita highlight beats and raises, with TAM/margin expansion a key theme

dity provider in the securities of Techtronic Industries (0669) or related

entities and/or warrants or options thereon, which are listed or traded on The Stock Exchange of Hong Kong Limited.

• Manager or Co-manager: J.P. Morgan acted as manager or co-manager in a public offering of securities or financial instruments (as

such term is defined in Directive 2014/65/EU) of/for Quanta Services or related entities within the past 12 months.

• Beneficial Ownership (1% or more): J.P. Morgan beneficially owns 1% or more of a class of common equity securities of Quanta

Services or related entities.

• Client: J.P. Morgan currently has, or had within the past 12 months, the following entity(ies) as clients: Techtronic Industries (0669),

Quanta Services or related entities.

• Client/Investment Banking: J.P. Morgan currently has, or had within the past 12 months, the following entity(ies) as investment

banking clients: Quanta Services or related entities.

• Client/Non-Investment Banking, Securities-Related: J.P. Morgan currently has, or had within the past 12 months, the following

entity(ies) as clients, and the services provided were non-investment-banking, securities-related: Techtronic Industries (0669), Quanta

• Client/Non-Securities-Related: J.P. Morgan currently has, or had within the past 12 months, the following entity(ies) as clients, and

the services provided were non-securities-related: Techtronic Industries (0669), Quanta Services or related entities.

• Investment Banking Compensation Received: J.P. Morgan has received in the past 12 months compensation for investment banking

services from Quanta Services or related entities.