bullish
Midea Group HK IPO Valuation Analysis
319 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, 11 Sep 2024 13:45
According to IFR, Midea is now guiding to price the HK listing at the top of the range at HK$54.80 per share. Books are expected to close early. This strong demand reflects Midea's attractive valuations, strong fundamentals, and meaningful price discount relative to the A shares. Midea's A shares traded up slightly by 1.5% today after five consecutive days of declining share price.
SUMMARY
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