We reiterate our Buy rating Midea which we see as among our top picks within the white goods space due to its leading position in domestic HVAC/appliances market, market share gain potential in overseas HVAC/appliances market, fast-growing 2B business as the mid/long growth driver, as well as market-leading shareholder return. On Dec 19, we visited Midea's lighthouse chiller factory and operation center in Chongqing, meeting with company management which included the General Manager of Intelligent Building ...