Goldman Sachs releases research report on October 15th to maintain Midea Group's H-share target price of HKD 113

2026-10-15 18:32

Economic Observation Network Midea Group (00300. HK) has been covered by Goldman Sachs' latest research report, and the resilience of the white goods sector in Q3 is outstanding against the backdrop of lower than expected domestic demand. Goldman Sachs reported on October 15th that domestic demand for white goods in Q3 was weaker than expected, and lowered its industry revenue and net profit forecasts. However, it believed that Midea had the most resilience in covering targets, maintaining its target price of 98 yuan for A-shares and 113 Hong Kong dollars for H-shares.

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