Kone Oyj B

KONE is an elevator and escalator industry group based in Finland. Co. is engaged in the provision of products and services for the installation, modernization and maintenance of elevators, escalators and automatic building doors. Co. provides its products and services throughout the entire lifecycle of the equipment, beginning from the installation of new equipment to the maintenance and modernization during their lifecycle and the full replacement of the equipment. Co.'s customers are active in industry segments such as residential, office, retail, public transportation, hotel, hospital, and marine.
  • TickerKNEBV
  • ISINFI0009013403
  • ExchangeNasdaq Nordic Helsinki
  • SectorIndustrial Engineering
  • CountryFinland
Karl Bokvist ...
  • Olof Cederholm

Kone - Heads-up for report 22 October

Kone will report Q3 on Thursday 22 October, at 11:30 CET. A conference call will follow at 14:45, dial in: FI 1, UK 5, code: 4157973

Karl Bokvist ...
  • Laurits Kjærgaard
  • Olof Cederholm

Powerpoint Sector Report - The Capital Goods Data Miner - October 2020

Global PMIs continued higher in September, reaching 54, which supports our view that demand will gradually normalise in Q4. Automotive is good, while high metal prices should support demand for mining equipment. This helps to offset weakness in oil & gas, marine, aerospace. Demand from general manufacturing should improve in line with the improvement in PMIs seen in recent months. Valuation levels are on average relatively high, and 2021 earnings are expected to be back close to 2019 levels. With the global PMI rising, we prefer more cyclical names trading at lower multiples, especially those...

Karl Bokvist ...
  • Olof Cederholm

Sector Report - Steady improvement towards normalisation

Q3’20 report due on 23 October Maintain HOLD, SEK 240 (225) target price

Karl Bokvist ...
  • Olof Cederholm

Kone - China to be the growth driver

Q3 report on Thursday 22 October, 11:30 CET Estimates already reflect updated guidance (22 Sep) Risk of increased price pressure a worry; SELL

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Global equities nearing potential resistance Helped by support from global central banks and improving trade headlines, critical support levels have held for major global indexes and therefore our outlook remains constructive. At the same time, just because these indexes are not breaking down does not mean they are headed higher. Rather, we believe global equities remain in a state of purgatory and consolidation is likely to continue as several major indexes approach logical resistance... see charts below and page 2. With global equity markets generally moving sideways, we want to stick with ...

Dave Nicoski ...
  • Ross LaDuke

Vermilion Int'l Compass: Global Equity Strategy

Global equities consolidating We remain constructive on global equities as the MSCI ACWI, ACWI ex-U.S., and EAFE indexes consolidate above their respective 200-day moving averages. On the other hand, the MSCI EM index is breaking below its 200-day moving average and is flirting with a breakdown below 56,000 support (local currency). Weakness within EM raises concerns that global equities may also succumb to weakness... see charts below. • Global equities consolidating. We take a look at the big picture, providing overviews on broad MSCI indexes (ACWI, ACWI ex-U.S., and EAFE)... see page 2...

Kone Oyj: 1 director sold

A director at Kone Oyj sold 15,000 shares at 65.803EUR and the significance rating of the trade was 75/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board membe...

Karl Bokvist ...
  • Olof Cederholm

Kone - Heads-up for report 22 October

Kone will report Q3 on Thursday 22 October, at 11:30 CET. A conference call will follow at 14:45, dial in: FI 1, UK 5, code: 4157973

Karl Bokvist ...
  • Laurits Kjærgaard
  • Olof Cederholm

Powerpoint Sector Report - The Capital Goods Data Miner - October 2020

Global PMIs continued higher in September, reaching 54, which supports our view that demand will gradually normalise in Q4. Automotive is good, while high metal prices should support demand for mining equipment. This helps to offset weakness in oil & gas, marine, aerospace. Demand from general manufacturing should improve in line with the improvement in PMIs seen in recent months. Valuation levels are on average relatively high, and 2021 earnings are expected to be back close to 2019 levels. With the global PMI rising, we prefer more cyclical names trading at lower multiples, especially those...

Karl Bokvist ...
  • Olof Cederholm

Sector Report - Steady improvement towards normalisation

Q3’20 report due on 23 October Maintain HOLD, SEK 240 (225) target price

Karl Bokvist ...
  • Olof Cederholm

Kone - China to be the growth driver

Q3 report on Thursday 22 October, 11:30 CET Estimates already reflect updated guidance (22 Sep) Risk of increased price pressure a worry; SELL

Expert Corporate Governance Service (ECGS)

Kone - AGM 25 February 2020

In general, KONE is in compliance with the Finnish regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 10, the board of directors seeks approval of the Company's executive remuneration policy. ECGS notes that, following the entry into force of the EU Shareholders’ Rights Directive (SRD II), this is the first time that KONE puts its executive remuneration policy to a vote. In general, ECGS deems the overall level of transparency of the policy below Finnish standards. In addition, ECGS is missing an actual LT component (with a performance period of ...

Kone – Proxinvest Corporate Governance Rating ® : D

Proxinvest Corporate Governance Rating ® helps investors integrate governance into their investment decision and identify governance risks and opportunities within their portfolio. Proxinvest Corporate Governance Rating ® Service rates European issuers through the analysis of four main themes : Ownership & Shareholder rights, Board & Committees, Audit & Process, Remuneration. Each theme is rated taking into account several comprehensive sub-categories. Our unique two-step process to achieve each rating includes a first step quantitative valuation and a second step qualitative filter...

Expert Corporate Governance Service (ECGS)

Kone - February 26, 2019

In general, KONE is in compliance with the Finnish regulations relating to the organisation and procedures of the Annual General Meeting. Under ITEM 10, approval is sought for the remuneration of the board of directors. Although ECGS has no concerns over the fees proposed, it notes that the non-executive chairman of the board Mr. Antti Herlin is entitled to an annual bonus on top of his base salary. In ECGS' view, non-executive directors should not be entitled to any variable payments to safeguard their independence from the company. ECGS therefore recommends to vote OPPOSE. Under ITEM 12, t...

Jerôme Bodin

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 30/09/2020

...

Alexander Aukner ...
  • Frank Maaø
  • Joachim Gunell
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Tomi Railo

Northern Lights

Bruno Cavalier ...
  • Jerôme Bodin
  • Sylvain Goyon, CFA

ODDO BHF SECURITIES MORNING NEWS – DETAILED COMMENTS 07/20/2020

Discussing a return of inflation may seem irrelevant at a time when there is so much downward pressure on prices (unemployment, raw materials). Inflation swaps are nonetheless picking up. Perhaps this is due to the effects of several long-term trends (ageing of the population, de-globalisation, etc.) combined with base effects on raw materials. While this return is likely to be gradual, it will imply an adjustment of portfolios. Value (banks) and commodities (mining) should benefit, e...

Bruno Cavalier ...
  • Jerôme Bodin
  • Sylvain Goyon, CFA

ODDO BHF SECURITIES MORNING NEWS – COMMENTAIRES DETAILLES 20/07/2020

Parler d’un retour de l’inflation peut sembler hors sujet tant les pressions baissières sur les prix sont nombreuses (chômage, matières premières). Pourtant les swaps d’inflation se redressent. Il faut peut-être y voir les effets de plusieurs tendances de long terme (vieillissement de la population, dé-globalisation,..) conjuguées à des effets de base sur les matières premières. Si ce retour sera probablement graduel, il va impliquer une adaptation des portefeuilles. La value (banques...

Christer Magnergård ...
  • Frank Maaø
  • Håkon Astrup
  • Joachim Gunell
  • Jon Masdal
  • Jørgen Lian
  • Karl-Johan Bonnevier
  • Martin Hoang Nguyen
  • Mattias Holmberg
  • Niclas Gehin
  • Nicolai Farstad Olsen
  • Nicolas McBeath
  • Niklas Wetterling
  • Ole Martin Westgaard
  • Ole-Andreas Krohn
  • Olof Larshammar
  • Patrik Ling
  • Ragnhild Støer
  • Rune Majlund Dahl
  • Simen Mortensen
  • Stefan Gauffin
  • Tomi Railo

Northern Lights

Ford Equity International Rating and Forecast Report

Ford Equity International Research Reports cover 60 countries with over 30,000 stocks traded on international exchanges. A proprietary quantitative system compares each company to its peers on proven measures of business value, growth characteristics, and investor behavior. Ford's three recommendation ratings buy, hold and sell, represent each stock’s return potential relative to its own country market.. The rating reports which are generated each week, include the fundamental details behind each recommendation and reflect the fundamental and price data as of the last trading day of the we...

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