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home / news releases / SHLRF - Kone: China Unsurprisingly Is Falling Short

SHLRF - Kone: China Unsurprisingly Is Falling Short

Schindler Hldg Ag Akt

2024-06-06 14:32:33 ET

Summary

  • Kone outperformed in some of its markets, but fell victim to weak trends in some of its other markets.
  • China and Europe weren't strong, but across the businesses there was at least strength in the recurring businesses of service revenue of elevators.
  • That significant mix effect is something that can be perennially relied upon to steel results.
  • However, the valuation is rich and consistent with an assumption of top quality. While a valid assertion for Kone, we see no point in owning it.

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For further details see:

Kone: China Unsurprisingly Is Falling Short
Stock Information
Company Name: Schindler Hldg Ag Akt
Stock Symbol: SHLRF
Market: OTC
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