Jefferies published a report. After communicating with Midea Group management, confidence in the acceleration of growth in the second half of the year, sustainability of guidance for the whole year, and shareholder returns increased. The bank's expected growth drivers include an increase in the mainland's air conditioning market share, an acceleration in overseas home appliance sales, and the growth rate of commercial-to-commercial business is expected to surpass the home appliance business. The bank maintained its “buy” rating. Based on the cash flow discount valuation, the target price for A shares was raised from $100 to $108, and the target price for H shares was raised from HK$115 to HK$124.

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