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CYD - China Yuchai: Turning Bullish On Buyback Plan And Improved Outlook (Rating Upgrade)
China Yuchai International Limited
2024-06-14 23:29:29 ET
Summary
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.
Elevator Pitch
My investment rating for China Yuchai International Limited ( CYD ) has been revised from a Hold to a Buy....