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Posted by
Two Blokes Jun 9 -
Filed in
Stock
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2 views
KONE trades in line with peers who have less China exposure, which continues to be a problematic market due to their real estate deleveraging. Otherwise, service and in particular modernisation revenue, which effectively is somewhere between new build and service activities, are doing well. China was expected to be weak, but NA also suffered as business in new builds was deferred amid tariff uncertainty, with timing effects to ding results.
