Midea sets October 13 vote: Jefferies keeps RMB 108 target for Midea stock

Published on 10/07/2026 at 10:00 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Midea stock costs EUR 10.27 on October 7, 2026 after EUR 10.26, plus 0.10 percent. First-half revenue was RMB 261.05 billion, up 3.46 percent.

Midea, CNE100006M58, Illustration mit AI erstellt.

Midea (CNE100006M58) was trading at EUR 10.27 at Lang & Schwarz on October 7, 2026 at 9:51 a.m. CEST, plus 0.10 percent versus the prior close of EUR 10.26 on October 6, 2026. Midea has set an October 13, 2026 shareholder vote, while Jefferies kept a RMB 108 target for the stock in an October 2, 2026 outlook.

Buyback vote sets the next date

According to Moomoo on September 27, 2026, Midea will hold its first extraordinary general meeting of 2026 on October 13. Shareholders will vote on the repurchase and cancellation of certain restricted shares issued under the 2022 and 2023 incentive plans, as well as the interim profit distribution plan.

The meeting gives the stock a specific corporate-action date, but the proposed measures still require shareholder approval. The register of members will close from October 8 through October 13, 2026, according to the notice.

Jefferies sees shipment timing risk

As Futubull reported on October 2, 2026, Jefferies maintained a Buy rating and a RMB 108 target. Its third-quarter 2026 forecast called for revenue growth of 2.00 percent and operating-profit growth of 10.00 percent, below consensus growth estimates of 4.00 percent and 13.00 percent.

The central risk is timing rather than a reported collapse in demand. Jefferies estimated that third-quarter air-conditioner sales could decline 15.00 percent as shipments are spread across more months after the annual sales conference was canceled.

First-half profit quality diverges

In the first half of 2026, Midea reported RMB 261.05 billion of revenue, up 3.46 percent year over year, and RMB 26.45 billion of net profit attributable to shareholders, up 1.66 percent, according to Futubull. Non-GAAP net profit was RMB 19.60 billion, down 25.31 percent, showing a sharp gap between headline profit growth and adjusted earnings.

Smart home revenue reached RMB 174.34 billion, up 4.30 percent, while commercial and industrial solutions generated RMB 66.67 billion, up 3.30 percent. Building technologies and robotics grew 10.80 percent and 10.30 percent, respectively, giving investors a clearer growth counterweight to the air-conditioner shipment issue.

Stock holds near its daily base

For German investors, the reference quote was EUR 10.27 at Lang & Schwarz on October 7, 2026 at 9:51 a.m. CEST, plus 0.10 percent versus the prior close of EUR 10.26. On its Hong Kong listing, Midea was last at HKD 90.25 on October 7, 2026 at 3:41 p.m. HKT, while the 52-week range was HKD 77.65 to HKD 101.70 and market capitalization was HKD 680.5 billion.

The further course of trading is shown by the continuously updated real-time quote of Midea stock.