bullish

Pre-IPO Midea Group H Share - Here Are the Risks Behind

625 Views16 Sep 2024 08:55
​Investors should look beyond Midea's IPO in HK and consider the sustainability of current good financial results and future growth strategies to avoid potential decline in performance and valuation.
What is covered in the Full Insight:
  • Introduction to Midea's IPO motives
  • Financial performance and business overview
  • Challenges in domestic market
  • International expansion and funding needs
  • Risks and investor cautions
Boomeranged on Thu, 19 Sep 2024 08:57
During Mid Autumn Festival, home appliance chain sales was up >30% YoY after years of decline. Due to trade-ins policy, there's sharp increase in customer flow for consumption in stores (about twice the number of customers in the past). Sales of mainstream brands like Midea is better than 2nd/3rd tier brands.So, Midea's 2024 performance is guaranteed. But growth may slow down due to risks analyzed
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