Are Auto-Tires-Trucks Stocks Lagging China Yuchai International (CYD) This Year?
Here is how China Yuchai (CYD) and Hyliion Holdings Corp. (HYLN) have performed compared to their sector so far this year.
All You Need to Know About China Yuchai (CYD) Rating Upgrade to Strong Buy
China Yuchai (CYD) has been upgraded to a Zacks Rank #1 (Strong Buy), reflecting growing optimism about the company's earnings prospects. This might drive the stock higher in the near term.
Is China Yuchai International (CYD) Stock Outpacing Its Auto-Tires-Trucks Peers This Year?
Here is how China Yuchai (CYD) and Strattec Security (STRT) have performed compared to their sector so far this year.
China Yuchai: Staying Positive On Policy Tailwinds And Significant Repurchases
China's new government policy offering subsidies for heavy-duty truck replacements could boost the industry's sales volume in the second half of 2024. CYD's potential FY 2024 buyback yield might be as high as 10%, judging by the company's actual share repurchases in recent months. I remain bullish on China Yuchai, taking into consideration tailwinds for the heavy-duty truck sector in China and the company's shareholder capital return prospects.
China Yuchai International Limited (CYD) Q2 2024 Earnings Call Transcript
China Yuchai International Limited (NYSE:CYD ) Q2 2024 Earnings Conference Call August 12, 2024 8:00 AM ET Company Participants Kevin Theiss - Head, Investor Relations Weng Ming Hoh - President Choon Sen Loo - Chief Financial Officer Conference Call Participants Gary Nash - Nash Consulting Operator Good day, and thank you for standing by. Welcome to the China Yuchai International Limited First Half 2024 Financial Results Conference call.
China Yuchai: Turning Bullish On Buyback Plan And Improved Outlook (Rating Upgrade)
China Yuchai's potential shareholder yield has been boosted by a new $40 million share repurchase program. CYD's outlook has become better, taking into account its peer's industry sales projection and the latest monthly LNG (Liquefied Natural Gas) HDT (Heavy-Duty Truck) sales numbers. I raised my rating for CYD to a Buy after assessing its buybacks and growth prospects.
