<div id="readability-page-1"><div><p>CLSA said in a report that MIDEA GROUP (00300.HK)<span> </span><span> +1.150 (+1.290%)  </span> <span> Short selling $91.35M; Ratio 22.802%  </span>  (000333.SZ)<span> </span><span> +0.250 (+0.307%)  </span>  recorded revenue and net profit growth of 2.5% and 2% respectively in 1Q26, outperforming peers. Its domestic sales growth was faster than overseas sales. The broker expects that as weakening domestic demand slows domestic sales, overseas sales will accelerate to high single-digit growth in the future on a lower base. It views MIDEA GROUP's cooperation with Electrolux in N America as the official start of the MIDEA brand penetrating the US market.</p><p>CLSA raised its earnings forecasts for MIDEA GROUP and lifted its TP for the H-shares/A-shares to HKD99 and RMB90 from HKD94 and RMB86 respectively, mainly reflecting lower marketing expenses. The Outperform rating was maintained. (ha/u)(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-04-29 16:25.) (A Shares quote is delayed for at least 15 mins.)</p></div><p>This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation.</p></div>

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<p>CLSA has raised its target price for MIDEA GROUPto HKD99, reflecting an increase in earnings forecasts due to lower marketing expenses. The company reported a 2.5% revenue growth and a 2% net profit growth in 1Q26, outperforming peers, with domestic sales growth outpacing overseas. CLSA maintains an Outperform rating, anticipating that overseas sales will accelerate in the future as domestic demand weakens. MIDEA's collaboration with Electrolux marks its entry into the US market.</p>

CLSA Raises MIDEA GROUP TP to HKD99; 1Q26 Net Profit Outperforms Peers