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<Research>HSBC Research Lifts MIDEA GROUP (00300.HK) TP to $99, Rating Buy
Recommend 10 Positive 15 Negative 11 |
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MIDEA GROUP (00300.HK)'s 2024 revenue amounted to RMB409.1 billion, while net profit was RMB38.5 billion, both in line with HSBC Global Research's forecasts, according to a research report issued by HSBC Global Research. The Group's export business revenue rose 12% YoY, accounting for 45% of total revenue, while domestic revenue grew 8% YoY. HSBC Global Research raised its FY2025-FY2026 revenue forecasts for the Group by 1%, and lifted its net profit forecasts for the same period by 2-3%. The broker also lifted its target price for MIDEA GROUP's H-shares from $96 to $99, with rating kept at Buy. AAStocks Financial News |
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