2Wk·

Cool return?

$300 (+1.66%) Hello, what do you think of the Midea Group?

I think the market for air conditioning systems, both fixed and mobile, will continue to boom. Especially in Europe.

Worth an investment?

8 Comments

Jan@Barrd

2Wk

I would always stick with the big players for something like this. Something like $6367 $8058 $SIE

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Naaf@Naaf

2Wk

@Barrd Thank you for your input. Of course I have them in mind too. I think Midea now has a head start in mobile air conditioning systems and innovation is faster with the Chinese anyway.

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TorteInYourFace@TorteInYourFace

2Wk

$8058 does not build air conditioning systems, but they do push LNG and coal around the globe, creating the need for them.

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Naaf@Naaf

2Wk

@TorteInYourFace I believe they also build air conditioning systems. At least that's what a quick Google search confirmed. But yes, investing in both and benefiting would of course also be an option 😉

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Jan@Barrd

2Wk

@TorteInYourFace Sure! We have one at work! It's got the name on it big and bold 😄

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John@Transporter

2Wk

@Barrd Midea does much more. For example, they have taken over the German robotics specialist KUKA.

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TorteInYourFace@TorteInYourFace

2Wk

You mean $6503
I also know that there are Mitsubishi air conditioners, but there are also their cars and another store builds them.

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mco@mco

1Wk

@Barrd Big players? Hm at least Daikin is only half the size of Midea now. But yes, if you exclude everything else from Midea's sales, they would probably be roughly comparable.

The products seem to be fundamentally solid. They've only come back a bit recently because their "world's coolest AC" has formed mold... https://www.msn.com/en-us/money/companies/it-was-the-world-s-coolest-air-conditioner-until-the-mold-recall/ar-AA1GGp8y

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