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.
Employment Data Fuels Interest Rate Cut Expectations
The latest weekly unemployment claims data has become the focus of the market. Initial jobless claims for the week ending December 27th fell to 199,000, far below economists' expectations of 220,000, breaking the psychological threshold of 200,000. This data reflects that companies remain cautious under the rigid dynamic of "no hiring, no layoffs." Meanwhile, the unemployment rate reached a four-year high of 4.6%, suggesting an overall weak job market.
Hong Kong Stock Connect saw a net inflow of HK$3.45bn on Wednesday, with China Merchants Bank (3968) experiencing the largest net inflow at HK$720mn, followed by Industrial and Commercial Bank of China (1398); Zijin Mining (2899) saw the largest net outflow at HK$680mn, followed by Tencent Holdings (700).
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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