KNYJF - KONE: China Is A Wild Card And Valuation Is Not Attractive
2023-03-07 18:59:15 ET
Summary
- KONE's 4Q22 earnings report showed mixed results due to challenges in China, with weaker-than-anticipated orders and uncertainty surrounding China's performance remaining concerns.
- However, there was positive guidance for FY23 sales growth and profit margin improvement, with a reorg program and expanding maintenance markets contributing to margin improvement.
- Overall, although KNYJF is a strong franchise, given the uncertainty and current valuation, it may not represent a good opportunity to buy the stock.
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KONE: China Is A Wild Card And Valuation Is Not Attractive