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Kion Group AG (KIGRY) is a value play in the machinery goods and equipment segment that is trading at a discount according to several metrics. Manufacturing contraction in Germany is negative for now but the young company is well-positioned financially for the future. Being a growing company in a saturated market makes Kion a superb opportunity while also considering its acceptable dividend. The company has grown sales outside of Germany significantly over recent years, while low levels of debt make the company an attractive long opportunity at current technical levels.