StockTalk(8.10): Midea Group selects BAC and CICC for Hong Kong listing: A potential game-changer in the home appliance industry?
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According to anonymous sources, Midea Group, the Chinese home appliance giant, has reportedly chosen Bank of America and China International Capital (CICC) to arrange its upcoming Hong Kong listing. The company, valued at around US$55 billion, aims for a listing next year and plans to sell up to 10% of its total capital. Midea's Hong Kong share sale could be one of the largest in recent years. The details, including the fundraising size and timeline, are still being deliberated. Midea is known for manufacturing a wide range of home appliances and has brands like Midea, Comfee, and Eureka. The company acquired Toshiba's home appliance business in 2016 and owned the German robotics firm Kuka.
Are you an investor who has been following Midea's listing plans? Do you have high expectations for their market debut? Will this strategic move propel Midea to new heights of success?
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HowTC_Invest : My house is using MIDEA products
I'm bullish on this company
Moon fairy 大炮仙 ❤ : Many years ago i use their aircon, saleman said this brand very cheap and good, worth to try. After half year, you can feel something like waterfall mist hit your face, very cooling. call their CS said transport not cover must pay and don't know what rubbish t&c i don't like, then i rather call my own aircon guy to do it. After 1 year from mist become ponding, repair 4 times in 3 years, scold by aircon guy why so stupid buy this brand, they encounter many same problems already. From there onwards i avoid this brand, but now how the quality i don't know le.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Lln Golden Moon fairy 大炮仙 ❤ : haha
ZnWC : I didn't follow Midea's listing plans but monitor Alibaba and Xiaomi stocks who are competitiors. Midea's public listing is good news because it means Hong Kong stock exchange is in the direction of recovery and hopefully the start of a bull market.
The listing will definitely start a hype to the stocks related to electric appliances business and online shopping. But I will be cautiously monitor the market condition before buying the stock. China just announced a decline in import and export implied the economy is slowing down. I used Midea electric appliances which is value for money.
933199333 : i am using midea washing machine. very powerful.
WizIT : No idea on Midea Group!
Moomoo SG OP 933199333 :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Moomoo SG OP Moon fairy 大炮仙 ❤ :![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")
Johnny Tradewell : as usual cook it hot and leave it cold
Gowen : it's the biggest Chinese home appliance company - so would be bullish?