Andreas Halvorsen opened up a new short in KONE Corporation (HEL:KNEBV), a Finnish escalator maker. Kone Corp is one of the largest cap companies in Finland, with $21 billion in market value. While this may not sound like an interesting short to many, we are betting that this position of Viking is based on a bearish call on China, an area Viking is currently focusing on. KONE Corporation (HEL:KNEBV) has a significant amount of exposure in China, and very recently the company won a contract to furnish the escalators and elevators for China’s highest twin towers at Zhengzhou Eastern Center….
KONE Corp Attracts Attention From China Bears
HFA Staff
The post above is drafted by the collaboration of the Hedge Fund Alpha Team.