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MarketScreener Homepage  >  Equities  >  SHENZHEN STOCK EXCHANGE  >  Midea Group Co., Ltd.    000333   CNE100001QQ5


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Graphic: Foreign holdings of China equities at record

11/06/2019 | 11:46pm EST
People sit in front of a board showing market information at a securities brokerage house in Beijing

Foreign holdings of Chinese stocks rose to a record high by the end of the third quarter, despite the ups and downs in a protracted trade dispute with the United States, as Beijing further opens its financial markets to help fund businesses.

By end-Sept, Chinese equities held by foreigners were at a record of 1.77 trillion yuan ($253.14 billion) after having risen for five straight months, up nearly 40% in a year, the latest data from the People's Bank of China (PBOC) shows.

China is stepping up opening of its heavily policed, giant capital markets, having recently scrapped investment quotas under the Qualified Foreign Institutional Investor (QFII) scheme.

Cross-border yuan usage jumped 20% in Jan-Sept on capital market opening, with about 6 trillion yuan of cross-border yuan payment for securities investment, according to a central bank official.

Foreign investors hiked their holdings of Chinese equities to record high https://fingfx.thomsonreuters.com/gfx/buzzifr/15/12/12/Foreign%20investors%20hiked%20their%20holdings%20of%20Chinese%20equities%20to%20record%20high.

The data also showed investors had been net buyers of A-shares through the Stock Connect linking Hong Kong and the mainland for the past five months through October, purchasing a net 158.2 billion yuan worth of A-shares.

The Stock Connect is a scheme to allow foreign investors convenient access to the A-share market.

Robust foreign inflows into the stock market of the world's second largest economy come as major international index providers, including MSCI, FTSE Russell and S&P, have begun or are stepping up inclusion of China A-shares and bonds on global indexes.

Robust net foreign flows into the A-share market for the past five months in a row https://fingfx.thomsonreuters.com/gfx/buzzifr/15/13/13/Robust%20net%20foreign%20flows%20into%20the%20A-share%20market%20for%20the%20past%20five%20months%20in%20a%20row.png

The heaviest foreign flows were into the consumer sector, as foreign investors hoped for China's policy stimulus to bolster an economy hurting in a nearly two-year long trade war with the United States.

Beijing has rolled out a raft of measures to boost domestic consumption, which accounts for over 60% of its economy, to help shore up faltering demand.

The consumer sector remained the most preferred by the northbound flows via the Stock Connect, with food and beverage, home appliances and healthcare stocks making up 40% of those foreign investors' A-share holdings by market value, analysts at Essence Securities said in a report.

Consumer shares outperformed as Beijing vowed to spur domestic consumption https://fingfx.thomsonreuters.com/gfx/buzzifr/15/6/6/Consumer%20shares%20outperformed%20as%20Beijing%20vowed%20to%20spur%20domestic%20consumption.png

The preference for the consumer sector was evident from the mainland-listed firms in which foreigners invested the most heavily, such as top liquor makers Kweichow Moutai and Wuliangye Yibin , and leading home appliances makers Midea Group and Gree Electric.

Chinese tops firms most favoured by foreign flows https://fingfx.thomsonreuters.com/gfx/buzzifr/15/9/9/Chinese%20tops%20firms%20most%20favoured%20by%20foreign%20flows.png

By Luoyan Liu and John Ruwitch

© Reuters 2019
Stocks mentioned in the article
ChangeLast1st jan.
ACCESS CO., LTD. 0.40% 758 End-of-day quote.3.13%
AT HOME GROUP INC. -2.95% 22.73 Delayed Quote.47.02%
BYD COMPANY LIMITED -4.23% 235.4 End-of-day quote.15.85%
DEERE & COMPANY -2.46% 295.4 Delayed Quote.9.79%
GREE ELECTRIC APPLIANCES, INC. OF ZHUHAI 0.57% 63.76 End-of-day quote.2.94%
KWEICHOW MOUTAI CO.,LTD. -0.91% 2063 End-of-day quote.3.25%
LETS HOLDINGS GROUP CO., LTD. -0.13% 7.71 End-of-day quote.-0.90%
LOOK HOLDINGS INCORPORATED 0.00% 921 End-of-day quote.-3.76%
MIDEA GROUP CO., LTD. -0.57% 99.12 End-of-day quote.0.69%
UNITED PARCEL SERVICE, INC. -2.80% 158.9 Delayed Quote.-5.64%
UNITED STATES DOLLAR (B) / CHINESE YUAN IN HONG KONG (USD/CNH) -0.08% 6.4881 Delayed Quote.-0.23%
WULIANGYE YIBIN CO.,LTD. -1.09% 284.55 End-of-day quote.-2.50%
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More news
Sales 2020 284 B 43 703 M 43 703 M
Net income 2020 25 595 M 3 944 M 3 944 M
Net cash 2020 39 342 M 6 062 M 6 062 M
P/E ratio 2020 26,9x
Yield 2020 1,71%
Capitalization 692 B 107 B 107 B
EV / Sales 2020 2,30x
EV / Sales 2021 1,97x
Nbr of Employees 134 897
Free-Float 61,8%
Duration : Period :
Midea Group Co., Ltd. Technical Analysis Chart | 000333 | CNE100001QQ5 | MarketScreener
Technical analysis trends MIDEA GROUP CO., LTD.
Short TermMid-TermLong Term
Income Statement Evolution
Mean consensus BUY
Number of Analysts 34
Average target price 98,29 CNY
Last Close Price 99,12 CNY
Spread / Highest target 24,1%
Spread / Average Target -0,84%
Spread / Lowest Target -37,4%
EPS Revisions
Managers and Directors
Hong Bo Fang Chairman & President
Francoise Liu Chairman-Supervisory Board
Helmut Zodl Chief Financial Officer
Zi Qiang Hu Chief Technology Officer & Vice President
Jian Feng He Director
Sector and Competitors
1st jan.Capitalization (M$)
MIDEA GROUP CO., LTD.0.69%107 380
NEWELL BRANDS INC.13.71%10 243
GROUPE SEB S.A.4.43%9 438
HUSQVARNA AB2.35%7 460