Daily Investment Strategy
Daily focus：Midea Group (300)
It is deepening its "Brand Globalization" strategy. Traditional white goods remain its strong cash flow foundation, with a projected CAGR of 6.8% for revenue from 2025 to 2030. Future core growth will be driven by overseas markets. Additionally, its "second growth engine," industrial solutions, saw a 9.7% increase in revenue from non-white goods segments. This signifies that Midea is gradually moving away from the old logic of solely relying on the real estate cycle and consumer spending, shifting towards a new growth model with higher technological barriers and customer loyalty, effectively diversifying the risks of a single business and making it a revenue accelerator.
China's trade surplus surpasses $1 trillion
China's latest November foreign trade data has become the focus of the market, with its trade surplus breaking through $1 trillion for the first time in history. This reflects a profound macroeconomic shift in China's export structure amid global geopolitical competition. Despite facing a sharp drop in exports to the US due to US tariff barriers, China has successfully diversified its export destinations by actively exploring the south east Asia and European markets. This has not only offset the impact of relying on a single market but also demonstrated the irreplaceable stickiness of its manufacturing industry in the global supply chain.
Hong Kong Stock Connect saw a net inflow of HK$1.54 billion on Monday, with Xiaomi Group (1810) experiencing the largest net inflow at HK$1.17 billion, followed by SMIC (981). On the other hand, Tencent Holdings (700) recorded the largest net outflow at HK$760 million, followed by Hua Hong Semiconductor (1347).
Leung Kai Tong is a SFC licensed person accredited to KGI Group to carry on regulated activities (for details, please refer to https://apps.sfc.hk/publicregWeb/indi/ADU276/details). He and/or his associate do not have any financial interest in the recommended issuer or new listing applicant.
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