This Chinese consumer stock could double if its global industrial pivot succeeds, JPMorgan says

Hong Kong-listed home appliance company Midea has two options, J.P. Morgan analysts said last week. Either become an industrial giant like Siemens — and double in market cap by 2030 — or plod along "the Panasonic path" with gains of just 25%, the analysts said. Midea shares are already up more than 7% so far this year, bucking a more than 3% decline in Hong Kong's Hang Seng Index. …