China Yuchai: Staying Positive On Policy Tailwinds And Significant Repurchases

Asia-Pacific Images Studio China Yuchai International Limited's (NYSE:CYD) rating stays as a Buy. The 2H 2024 outlook for CYD and China's Heavy-Duty Truck or HDT sector is favorable, taking into account the recent government policy offering subsidies for HDT replacements. The company has also engaged in substantial buybacks in the past few months, and the stock's potential FY 2024 buyback yield could be as good as 10%. This article highlights the policy tailwinds for the HDT industry in Mainland China a ...