China Yuchai International Ltd (CYD)
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.
