bullish
Midea Group (000333 CH): Strong 4Q23 Result As Expected
922 Views02 Apr 2024 10:54
Midea Group reported strong 4Q23 results with net profit up 18% yoy. The company targets 5-10% growth in 2024, and trades at 12x 2024E earnings.
Boomeranged on Fri, 26 Jul 2024 15:29
Major stimulus policy announced yesterday afternoon from China on home appliance: the National Development and Reform Commission and the Ministry of Finance have issued "Several Measures to Support Large-Scale Equipment Updates and Trade-Ins for Consumer Goods". Total amount allocated is RMB150bn for trading in old household appliances and cars.
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