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<Research> CLSA Slightly Lowers TP for Midea (00300.HK) to HKD94, Optimistic on Global Market Share Growth, Reaffirms 'Outperform' Rating
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CLSA released a research report stating that Midea Group (00300.HK) saw a 5.7% year-on-year increase in revenue for the fourth quarter of 2025, which is a slowdown compared to the 13.8% growth in the first three quarters. This was mainly due to the high base effect from the trade-in policy. During the period, net profit fell by 11% year-on-year to RMB6 billion. Although there are market concerns about the rising raw material prices posing additional challenges to domestic high-base sales, CLSA believes this presents an opportunity for Midea. Due to the slowdown in overseas home appliance sales growth and rising freight costs, CLSA has lowered Midea's net profit forecast for this year and next by 5% to 6%. The target price for Midea's H-shares has been reduced from HKD95 to HKD94, and the target price for Midea's A-shares (000333.SZ) has been lowered from RMB87 to RMB86. CLSA remains optimistic about Midea's economies of scale and global market share growth, reaffirming an 'Outperform' rating for both H-shares and A-shares. (hc/w) AASTOCKS Financial News URL: www.aastocks.com Auto-translated by third-party software This translation was auto-generated by third-party software. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. More Details
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