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KNYJY - Kone: Solid Performance This Quarter Gives Me Confidence To Stay Long
Kone OYJ ADR
2024-07-23 10:27:25 ET
Summary
Kone continues to perform well outside of China, with strong demand for modernization projects and service segment growth.
Service revenue saw significant growth, driven by volume and pricing increases, with potential for further pricing power in the inflationary environment.
Despite challenges in China, Kone's market share gains position it well for future recovery, with an attractive valuation and potential for growth.