Investors still love Midea despite buying restrictions

SHANGHAI: Foreign investors may not be be able to buy shares of Midea Group Co soon as the Chinese home-appliance maker’s overseas ownership approaches a limit, but analysts say this won’t dampen long-term interest in Midea and other domestic white goods giants.

Midea isn’t overvalued despite a 44% rally in its share price this year, outperforming a 32% gain in the broader A-share market, as some fund managers and analysts expect the company will be bolstered by a recovery in the Chinese property market.