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China Yuchai: Turning Bullish On Buyback Plan And Improved Outlook (Rating Upgrade)
Seeking Alpha· 2024-06-15 03:29
Asia-Pacific Images Studio/E+ via Getty ImagesElevator Pitch My investment rating for China Yuchai International Limited (NYSE:CYD) has been revised from a Hold to a Buy. Previously, I touched on a wide range of factors influencing China Yuchai's future business and share price performance in my March 30, 2024 write-up. For the current update, I assess CYD's new buyback plan and the company's prospects. China Yuchai's potential shareholder yield has become more appealing following the initiation of a ne ...
China Yuchai Adopts Share Buyback Plan
Prnewswire· 2024-06-07 10:02
SINGAPORE, June 7, 2024 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company") today announced that its Board of Directors has approved a share buyback plan under which the Company may repurchase its ordinary shares up to US$40 million in dollar amount or 4 million in number (whichever occurs earlier).Under the share buyback plan, the Company may repurchase shares from time to time on the open market at prevailing market prices, in privately negotiated transactions, ...
China Yuchai Approves Equity Incentive Plans to Be Implemented by Its Subsidiaries
Prnewswire· 2024-06-07 10:00
SINGAPORE, June 7, 2024 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company") today announced its Board of Directors has approved two equity incentive plans, proposed to be implemented by its Chinese subsidiaries, Guangxi Yuchai Machinery Company Limited ("GYMCL") and Guangxi Yuchai Marine and Genset Power Co., Ltd. ("MGP"), in respect of equity interests in MGP (collectively, the "Equity Plans"). GYMCL is a 76.41%-subsidiary of China Yuchai and MGP is a wholly-own ...
First Batch of Green Energy Buses with Yuchai Xingshunda Hydrogen Fuel Cells Launched
prnewswire.com· 2024-05-21 11:15
SINGAPORE, May 21, 2024 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company), one of the largest powertrain solution manufacturers through its main operating subsidiary in China, Guangxi Yuchai Machinery Company Limited ("Yuchai"), announced that 50 green energy buses equipped with Yuchai Xingshunda hydrogen fuel cells debuted at a ceremony in Beijing.  Yuchai Xingshunda is a 65% owned joint venture of Yuchai established in 2022 with Beijing Xing Shun Da Bus Co., L ...
Yuchai Appointed as Committee Member of New Hydrogen Innovation Consortium
Prnewswire· 2024-05-08 10:00
SINGAPORE, May 8, 2024 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company), one of the largest powertrain solution manufacturers through its main operating subsidiary in China, Guangxi Yuchai Machinery Company Limited ("Yuchai"), today announced that Yuchai was recently appointed as a Committee Member of the new Hydrogen Combustion Engine Innovation Consortium ("Consortium") division of the China Internal Combustion Engine Society. The Consortium, established unde ...
Yuchai International(CYD) - 2023 Q4 - Annual Report
2024-04-26 13:57
Table of Contents Title of Each ClassTrading Symbol(s) Name of Each Exchange on Which Registered Common Stock, par value US$0.10 per Share CYD The New York Stock Exchange Table of Contents UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 20-F ☐ REGISTRATION STATEMENT PURSUANT TO SECTION 12(b) OR 12(g) OF THE SECURITIES EXCHANGE ACT OF 1934 OR ☒ ANNUAL REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 For the fiscal year ended December 31, 2023 OR ☐ TRA ...
China Yuchai International Limited (CYD) Second Half and Full Year 2023 Earnings Call Transcript
2024-02-27 19:11
China Yuchai International Limited (NYSE:CYD) Second Half and Full Year 2023 Earnings Conference Call February 27, 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 William Gregozeski - Greenridge Global Operator Good day and thank you for standing by. Welcome to China Yuchai International Limited Second-Half and Fiscal Year 2023 Financial Results Conference Call. At this time all partic ...
CHINA YUCHAI INTERNATIONAL TO ANNOUNCE UNAUDITED 2023 SECOND HALF AND FULL YEAR FINANCIAL RESULTS ON FEBRUARY 27, 2024
Prnewswire· 2024-02-13 11:00
- Earnings Call to Begin at 8:00 A.M. EST - SINGAPORE, Feb. 13, 2024 /PRNewswire/ -- China Yuchai International Limited (NYSE: CYD) ("China Yuchai" or the "Company"), announced today that it will be releasing its 2023 unaudited second half and full year financial results on Tuesday, February 27, 2024 before the market opens for trading.   A conference call and audio webcast for the investment community has been scheduled for 8:00 A.M. Eastern Standard Time on February 27, 2024. The call will be hosted by th ...
China Yuchai: Shares Are Mispriced
Seeking Alpha· 2024-01-15 14:44
CHUNYIP WONG Elevator Pitch I continue to assign a Buy investment rating to China Yuchai International Limited (NYSE:CYD) stock. In my prior article published on October 26, 2023, I wrote about the key factors that support my bullish view of CYD. For the current write-up, I draw attention to the performance and outlook of China's heavy duty truck industry. In my opinion, CYD stock is mispriced by the market which warrants a Buy rating. Heavy duty truck sales in Mainland China are projected to expand by a re ...
Yuchai International(CYD) - 2023 Q2 - Earnings Call Transcript
2023-08-10 13:53
China Yuchai International Limited (NYSE:CYD) Q2 2023 Earnings Conference Call August 10, 2023 8:00 AM ET Company Participants Kevin Theiss - Head, Investor Relations Weng Ming Hoh - President Choon Sen Loo - President & Chief Financial Officer Conference Call Participants Operator Good day and thank you for standing by. Welcome to the China Yuchai International First Half 2023 financial results. At this time all participants are in a listen-only mode. [Operator Instructions] Please be advised that today's ...