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Earnings results expected in 73 days
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.
Seekingalpha | 1 year ago
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