Kone: Resilient Through 2020, Long-Term Growth Drivers Intact
Photo by Panya7/iStock via Getty Images
Introduction
We review Kone OYJ (OTCPK:KNYJY), 11 months after we initiated a Buy rating on its stock, followed shortly by the same on its closest peer, Otis Worldwide (OTIS).
Since our initiation, Kone stock has gained 13% while Otis stock has gained 40% (both figures in local currencies and include dividends). However, Kone stock lost more than 10% in the 3 days after its Q1 2021 results on April 28:
| Elevator Companies’ Share Prices (Since June 2020) … |
