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Midea Group Target Price Raised to CNY87.00 From CNY84.00 by CGS International >000333.SZ
Results: Midea Group Co., Ltd. Exceeded Expectations And The Consensus Has Updated Its Estimates
Guolian: In 2024 Q3, the proportion of heavy holdings in the home appliance sector increased. The leading company in white goods is expected to benefit more from its operation.
The proportion of heavy positions in the household electronics sector in the third quarter of 2024 is ranked as follows: white goods (3.81%), upstream electronics (0.67%), small appliances (0.57%), black appliances (0.22%), lighting (0.12%), and kitchen appliances (0.02%).
Midea made the right 'bet'.
The first financial report disclosure after listing in Hong Kong.
Swhy: Midea Group Co., Ltd. third quarter performance meets expectations, maintaining a 'buy' rating.
Swhy research reports pointed out that midea group co., ltd (000333.SZ) performed in line with our performance outlook report in the third quarter. In terms of business, the company's four core businesses: smart home, new energy and industrial technology, smart building technology, and siasun robot&automation achieved revenues in the first three quarters of 215.4 billion yuan/25.4 billion yuan/22.4 billion yuan/20.8 billion yuan, with year-on-year growth of +10%/+19%/+6%/-9%. The company continues to promote DTC channel transformation in the domestic market, promoting the "trade-in for new" policy through digital innovation, and has achieved implementation in over 0.03 million stores nationwide.
Nomura Adjusts Midea Group's Price Target to 95.60 Yuan From 88.30 Yuan, Keeps at Buy