bullish
Midea Group HK IPO Valuation Analysis
973 Views10 Sep 2024 20:32
We would subscribe to the HK offering of Midea Group due to its attractive valuations, strong fundamentals, and meaningful price discount relative to the A shares.
What is covered in the Full Insight:
- Introduction
- Major Highlights of the HK IPO
- Financial Estimates and Projections
- Valuation Analysis
- Conclusion and Recommendation
Boomeranged on Wed, 18 Sep 2024 00:37
Midea Group's shares closed up 7.8% at HK$59.10 on Tuesday. This strong IPO performance in HK by the Midea Group is likely to set in motion a revival in some of the long awaited HK listings in the next several months. The strong HK IPO performance also reflects Midea's attractive valuations and its higher sales growth and ROE relative to its peers including Haier Smart Home and Gree Electric.
SUMMARY
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