Linked to the Midea Group, one of the leading electrical appliance makers of China, Midea Real Estate is investment-worthy primarily due to its cheap trading price, coupled with an attractive yield at current trading prices. Despite having decent business and financial fundaments, the year-to-date and one-year total investment returns for the company are –31.1% and –16.8% respectively as the company’s share price recovers.
Hong Kong-listed Midea Real Estate Holding is a company that is principally engaged in property development and sales, property management services, and the investment and operation of commercial properties in China.
Guided by its policy of intensive development in focused areas and strategy upgrade, Midea has a gross floor area (GFA) of over 38.7 million sq m (416.6 million sq ft), comprising 332 property development projects spanning across five key major economic regions in China, according to its latest financial report.
