Midea Group Co Ltd Class A
000333: XSHE (CHN)
| Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
|---|---|---|---|
| CNY 74.00 | Lblqzlj | Jgxbpppwr |
Midea Is Well-Positioned to Benefit From Operating Leverage and Margin Upticks in the Long Run
Business Strategy and Outlook
Midea is one of the largest household appliance manufacturers in China, with key products being air conditioners, refrigerators, washing machines and small household appliances. It is consistently ranked as one of the top three players in China by retail sales in most home appliance product categories. We think the firm’s leadership position is underpinned by its reputable brand, extensive distribution network and strong focus in research and development.