MBB Public Markets I LLC has invested $2.89 million in
Otis Worldwide Co. and its stock has seen continuous rise, outperforming the market. However, major financial institutions like
Axa S.A. and
Toronto Dominion Bank have reduced their stakes and sold their shares. Despite the mixed investment activities, Otis's stock has reached a new 1-Year high at $101.00. Otis Korea has secured
ISO 50001 energy management certification, emphasizing its commitment to energy efficiency. Otis's
Taiwan subsidiary has also completed the acquisition of
Jardine Schindler Lifts in Taiwan. The corporation's strategic initiatives have managed to keep aiding the company amid cost issues. The company's new
EVP and CFO Cristina Méndez is expected to bring a fresh perspective to the financial operations. But despite strong initiatives and growth, the company's stock remains under par with the market at certain times. An intrinsic calculation suggests that the stock is 21% undervalued, indicating potential long-term profit for investors. Major projects include the modernization of
Burj Khalifa and the launch of
Gen3™ Digitally-Connected Elevator in Thailand. Meanwhile, Otis is getting recognized for promoting STEM education with scholarships for female students in China.
Otis Worldwide Corporation OTIS News Analytics from Wed, 31 Jan 2024 08:00:00 GMT to Sun, 29 Sep 2024 09:27:18 GMT -
Rating 8
- Innovation 6
- Information 7
- Rumor 3
