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[Brokerage Focus] BOCOM INTL maintains a Buy rating on Midea Group Co., Ltd (00300), citing acceleration in B-end Business and policy support. The performance expectations for this year are positive.
Jingwu Financial News | BOCOM INTL Research Reports indicate that Midea Group Co., Ltd (00300) is expected to perform well in 2024. In 2024, Midea Group's revenue and Net income are expected to grow by 9.5% year-on-year to 409.1 billion and 38.8 billion yuan. The gross margin for the year is 26.4%, stable year-on-year. The annual and fourth-quarter Net income margins are 9.5% and 7.5%, an increase of 0.4 and 0.8 percentage points year-on-year. A dividend of 35 yuan is proposed for every 10 shares, increasing the dividend payout ratio to 64% (2023: 61%). The C-end Business continues its growth momentum, while the B-end has shown a month-on-month increase. In the fourth quarter, the C-end Business continues to grow at 7% for three consecutive quarters, including domestic sales.
Jefferies Reaffirms Their Buy Rating on Midea Group Co. Ltd. Class H (0300)
Huachuang Securities: Accelerated overseas expansion and domestic production support humanoid robots to nurture new scenarios in industrial control.
Humanoid robots are opening up incremental scenarios for the Siasun Robot&Automation Industry and may become the main driving force for the growth of the Siasun Robot&Automation Industry in the next ten years.
Jefferies Adjusts Midea Group's Price Target to 92 Yuan From 80 Yuan, Keeps at Buy
Midea Offloads Remaining Xiaomi Stake for 902 Million Yuan; Midea, Xiaomi Both Down 4%
