JAMIE CARR: Cool breeze fans hot market
Midea’s stock is soaring as the aircon maker churns out products that help to create the very problem they solve
26 September 2024 - 05:00
Midea Group: Hot market for cool air
It may not bring a cheesy grin to the face of Greta Thunberg, but from an investment point of view, there’s a lot to be said for a product that builds its own demand. This is the case with the humble airconditioning unit, which does its standard day job of cooling the fevered brow while also churning out some 4% of the world’s greenhouse gas emissions, contributing to global warming and thus driving demand for even bigger and better aircon. ..
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