Gree's Earnings Will Likely Be Supported by Positive Mix Shift and Cost Initiatives
Our fair value estimate for Gree is CNY 48 per share, derived from a discounted cash flow model with a weighted average cost of capital of 9.4%. This implies an adjusted price/earnings ratio of 10.3 ...
Midea's Long-Run Earnings Growth Remains Intact With Operating Efficiency Improvement
Our fair value estimate for Midea is CNY 82.00 per share, derived using a discounted cash flow model with a weighted average cost of capital of 9.5%. Based on our 2024 estimates, this implies an ...