2024-03-30 07:59:30 ET
Summary
- A review of the management commentary provided by China Yuchai and its peer suggests that there is a risk that CYD's 2024 financial performance doesn't meet the market's expectations.
- On the flip side, CYD's valuations are undemanding and there is the chance that policy tailwinds for the Chinese heavy-duty truck market might materialize.
- I have a mixed view of China Yuchai after considering multiple factors, and this translates into a Hold rating for CYD.
Elevator Pitch
I rate China Yuchai International Limited ( CYD ) as a Hold. My earlier January 15, 2024 update drew attention to the Mainland Chinese HDT (Heavy Duty Truck) industry's actual December 2023 sales data and 2024 growth outlook....
Read the full article on Seeking Alpha
For further details see:
China Yuchai: A Mixed View (Rating Downgrade)