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KYCCF - Keyence: Premium Valuations Warranted But Keeping An Eye On Capex Trends
Keyence Corp
Keyence is strongly positioned for post-pandemic recovery capex and with its diversified customer base, geographic reach and well-managed supply chain.
In the post-recovery phase, we have concerns over customer capex trends if global workforce participation does not recover, as this could result in a slowing economy.
We will keep an eye on such developments and reiterate our current bullish stance.