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<Research> BOCI Lowers Midea (00300.HK) TP to HKD92.8, Rating 'Buy'
Recommend 2 Positive 3 Negative 1 |
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BOCI published a research report indicating that Midea (00300.HK)'s performance for the fourth quarter of 2025 was generally in line with expectations, with revenue and net profit rising by 6% and declining by 11% year-on-year, respectively. This suggests that excluding the drag from newly acquired businesses, Midea achieved sustained growth in most business segments through market expansion and efficiency improvements. Therefore, the firm remains confident that with the rapid growth of its overseas OBM business and global B2B operations, Midea can tackle greater challenges in 2026 and outperform its peers. The firm noted that although Midea may still be affected by the overall industry valuation downgrades, it believes Midea will achieve self-recovery through its plans that focus more on shareholder returns. The firm stated that it has lowered its EPS forecasts for 2026 to 2027 by 0.5% to 0.6%, and its target price has been reduced from HKD104.8 to HKD92.8, maintaining its rating as 'Buy'. (ca/w) 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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