
MIDEA GROUP Soars 2.5% Against Mkt; BofAS, M Stanley Rate Buy and Overweight

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MIDEA GROUPshares rose 2.46% to HKD87.4, with a turnover of HKD438 million. BofAS rated the stock as 'Buy' with a target price of HKD101.6, emphasizing its globalization strategy and cost controls. Morgan Stanley rated it 'Overweight' with a target of RMB89, highlighting overseas expansion and plans for dividends and share buybacks. The company's A-shares also increased by 1.7% to RMB81.73. Short selling reached $170.73M, with a ratio of 32.328%.
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