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.
Summary
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Kone: Solid Performance This Quarter Gives Me Confidence To Stay Long