美银：维持美的集团“买入”评级 目标价92.1港元

Core Viewpoint - Bank of America maintains its view that Midea Group (000333)(00300) is expected to achieve positive growth for the full year of 2026, driven primarily by its enterprise and overseas consumer businesses, thus reiterating a "Buy" rating with a target price of HKD 92.1 [1] Group 1: Business Segments - The building technology segment is identified as the largest and most profitable enterprise business unit of the group, with a sales target of USD 10 billion expected to be achieved by 2030, accounting for over 10% of total sales, corresponding to a compound annual growth rate (CAGR) of approximately 15% [1] - The company is currently ranked among the top five in the Chinese market for data center cooling, benefiting from its technological advantages in refrigerant systems, which positions it well for market share growth in this rapidly expanding sector [1] Group 2: Market Potential - The report highlights significant potential in the Chinese market for data center cooling, with expectations that the market size could expand to USD 10 billion as the country transitions to American technology models within the next two years, driven by advancements in GPU chip technology [1]