BIMIDEA@EC2607A

HKEX Discloses UBS Increases Short Position in Midea Group H Shares to 2.93%

JPMorgan reduces Midea Group H-share holding to 13.43%

Midea Group Spends 100 Million Yuan to Repurchase 1.21 Million A-Shares

Midea Group Successfully Issued HK$17.25 Billion Zero-Coupon Guaranteed Convertible Bonds

JPMorgan Raises Stake in Midea Group H Shares

Midea Group Repurchased 1,875,000 A-shares

Morgan Stanley Increases Stake in Midea Group H Shares to 7.22%

Citi and Morgan Stanley Raise Target Price for Midea Group

Goldman Sachs and DBS Maintain Buy Rating on Midea Group's H Shares

China Galaxy International lowers Midea Group H-shares target price to HKD 96

Midea Group Issued $2.2 Billion Dual-Term Convertible Bonds

Midea Group completes 15.74 million share repurchase

China Construction Bank Maintains Buy Rating on Midea Group H Shares

Midea Group repurchased 613,400 shares of A-shares worth 50 million yuan

Midea Group's Building Technology and Robotics Grow, Industrial Tech Declines

MIDEA GROUP released FY2026 Q1 earnings on April 29 During-Market (BJT), actual revenue HKD 149.18 B (forecast HKD 148.38 B), actual EPS HKD 1.9131

Midea Group repurchased 622,700 A-shares totaling 50.07 million yuan

Meyi Industrial Finance Four-in-One (Ningbo) Venture Capital Partnership Established

Electrolux Establishes Strategic Partnership with Midea in North America

Midea Group Repurchased 626,436 Shares of A Shares as Treasury Shares

CENTURY GINWA

TIANLI HOLDINGS

METASPACEX

GW TERROIR

CN INT DEV CORP

WATER INDUSTRY

GW TIANDI

KAISUN HOLDINGS

LESI GROUP

TJCD

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Rising temperatures and energy costs are increasing demand for next-generation inverter heat pumps. Midea's EVOX lineup offers efficient, easy-to-install solutions for homeowners, helping to reduce energy bills and improve comfort. The North American residential heat pump market is projected to grow significantly, driven by the need for more efficient HVAC systems as older units struggle to keep up with longer, hotter summers. Utility incentives may further support the transition to these modern systems.

prnewswire

Midea Group

MIDEA GROUP

12:07 ETHotter Summers and Rising Energy Costs Drive Demand for Next-Generation Inverter Heat Pumps

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Yesterday's closing, Midea Group performed strongly against the market trend, closing at HKD 91.65, an increase of 1.83%, standing out amid the general pressure on the Hong Kong stock market. The stock price steadily climbed from the opening of HKD 89.25, reaching an intraday high of HKD 92.85 at one point, rebounding after receiving effective support from the 5-day moving average. The MACD daily bullish signal has been initially established, with short-term buying power clearly dominant, which usually indicates that short-term upward momentum is building. The trading volume was approximately HKD 1.13 billion, with good volume support, and the attention of funds on leading household appliance stocks has increased. On the news front, the 618 promotional season is approaching, and the home appliance industry is entering a traditional peak season. Apple and Huawei have launched promotions and price reductions, with the consumer electronics industry collectively making efforts, and market expectations for the recovery of domestic consumption are improving. As a global leader in home appliances, Midea Group's overseas business continues to expand, coupled with the continuation of domestic trade-in policies, creating a resonance of multiple favorable factors. Recently, Hong Kong Stock Connect funds have continuously increased their holdings in consumer blue chips, with Midea being favored by southbound funds as a quality target. From a technical perspective, the area around HKD 89 constitutes the first short-term support level, which basically coincides with the position of the 5-day moving average. If it can maintain above HKD 90 in the following trading days and keep an average daily trading volume above HKD 800 million, the probability of testing the resistance in the HKD 95 range will increase. The A-share performance of Midea Group is also stable, and the AH linkage effect is expected to provide additional support for the Hong Kong stock side. The short-term trend is biased towards bullish, but attention should be paid to the potential suppression of growth stock valuations due to the decline in risk appetite triggered by the surge in global bond market yields

Technical Forecast

Bosera CNI Top Household Appliances ETF

E Fund CSI Household & Appliances Top ETF

GF CSI All Share Household Appliances ETF

Fullgoal CSI All Share Appliance ETF

Guotai CSI All Share Household Appliances ETF

Apple

Pre-market trend | Midea Group (0300.HK) closed in the red on May 15 against the trend, stabilizing above the moving average. Is the household appliance leader brewing a new offensive?

Midea Group Co. Ltd. has scheduled its 2025 annual general meeting for June 5, 2026, in Foshan. The meeting will review the company's performance, approve accounts, and discuss profit distribution. Shareholders will vote on a mandate allowing the board to repurchase up to 10% of issued H shares, which may enhance share price and reflect management's confidence in long-term value. The latest analyst rating for Midea's stock (HK:0300) is a Buy, with a price target of HK$100.90.

Tip Ranks

Midea Sets 2025 AGM to Approve Results and Share Buyback Mandate

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%.

AASTOCKS News

Hang Seng Index

Bank of America

Morgan Stanley

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH INT NON CUM PFD QQ

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '5'

BANK OF AMERICA CORPORATION 7.25% NON-CUM PERP CONV PFD SER L

BANK OF AMERICA CORPORATION 5.875%NON CUM DEP SHS REP1/1000TH SER HH

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200TH PRF SERIES '2'

BANK OF AMERICA CORPORATION 5% DEP SHS REPR 1/1000TH NON CUM PFD LL

BANK OF AMERICA CORPORATION DEP SHARES REP 1/1000TH PERP PFD SER 'E'

BANK OF AMERICA CORPORATION INCOME CAPITAL OBLIG NTS DUE 15/12/2066

BANK OF AMERICA CORPORATION 4.375% DP SH RP 1/1000TH IN NON CU PF NN

BANK OF AMERICA CORPORATION DEP SH REP 1/1200TH PRF SER 1 USD25

BANK OF AMERICA CORPORATION 5.375%DEP SHS REP 1/1000TH NON CUM SR KK

BANK OF AMERICA CORPORATION 6%NON CUM DEP SHS EACH REP 1/1000 SER GG

BANK OF AMERICA CORPORATION DEP SHS REP 1/1200 PFD SER 4 USD25

BANK OF AMERICA CORPORATION DEP SHS REP 1/1000TH NON CUM PFD SER SS

BANK OF AMERICA CORPORATION 4.125%DEP SH REP 1/1000 PFD SER PP USD25

Bank of America Corp

MORGAN STANLEY DEP SHS EA REP 1/1000 SHS NON CUM PFD O

MORGAN STANLEY DEP SHS REPSTG 1/1000TH PFD SER Q

MORGAN STANLEY DEP SHS REPS 1/1000 7.125% PFD E

MORGAN STANLEY NON-CUM DEP SH REP 1/1000 PFD SER I

MORGAN STANLEY 4.875 DEP SHS REP 1/1000 NCUM PFD SR L

MORGAN STANLEY 6.5%DEP SHS REPSTG 1/1000 NON CUM SER P

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MORGAN STANLEY DEP SHS REPR 1/1000TH INT PFD SER 'F' FX

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

Goldman Sachs has maintained a Buy rating on Midea Group Co. Ltd. Class H (0300), setting a price target of HK$113.00, while the shares closed at HK$87.70. The analyst consensus suggests a Strong Buy rating with an average price target of HK$103.17, indicating a potential upside of 17.64%. Additionally, DBS also reaffirmed a Buy rating with a price target of HK$100.90.

Goldman Sachs

GS Hldg R

Midea Group Co. Ltd. Class H (0300) Receives a Buy from Goldman Sachs

Midea Group plans to raise HK$17.248 billion through two tranches of zero-coupon convertible bonds due in 2027 and 2033, each worth HK$8.624 billion. The 2027 bonds are convertible at HK$96.82 per share, while the 2033 bonds at HK$115.76 per share, potentially increasing the H-share base by 13.7%. This move aims to support Midea's capital structure and growth, although it may lead to shareholder dilution. The stock currently has a Buy rating with a price target of HK$100.90.

Midea Group to Raise HK$17.2 Billion via Dual Tranche Zero-Coupon Convertible Bonds

Chinese appliance maker Midea Group has successfully raised US$2.2 billion through the sale of dual-tranche convertible bonds with zero coupon. The offering was increased to HK$8.6 billion per tranche, with maturities in May 2027 and May 2033. The funds will be used for international expansion and enhancing offshore liquidity. This trend of issuing convertible bonds is growing among Chinese companies, as they offer lower borrowing costs compared to traditional debt. The deal was arranged by Morgan Stanley, Goldman Sachs, Citigroup, and Bank of America.

Businesstimes News

CHINAHONGQIAO

Citigroup

CITIGROUP INC 6.250 NON CUM SER II PFD WI

China’s Midea Group raises US$2.2 billion in convertible bond sale

In a report released yesterday, from Bank of China maintained a Buy rating on Midea Group Co. Ltd. Class H, with a price target of HK$94.70.Claim 55% Off TipRanksUnlock hedge fund-level data and powerful investing tools for smarter, sharper decisions Discover top-performing stock ideas and upgrade to a portfolio of market leaders with Smart Investor Picks Currently, the analyst consensus on Midea Group Co. Ltd. Class H is a Strong Buy with an average price target of HK$101.20.

BANK OF CHINA

Bank Of China

BOC HONG KONG

Bank of China

Bank of China Keeps Their Buy Rating on Midea Group Co. Ltd. Class H (0300)

BOCI has raised the target price for MIDEA GROUPfrom HKD92.8 to HKD94.7 while maintaining a Buy rating. Despite facing pressure in 1Q26, MIDEA GROUP outperformed peers with a revenue increase of 2.5% YoY and a net profit rise of 2% YoY. The report highlights the company's effective response to challenges, including rising production costs and geopolitical tensions, and its strong cash flow to support shareholder returns.

BOCI Raises MIDEA GROUP  TP to HKD94.7, Maintains Buy

BIMIDEA@EC2607A(21629.HK)