Company did not provide specific financial guidance for the current or future periods
Overview
China powertrain maker's 1H revenue rose 13.9% yr/yr on higher engine sales
Net profit attributable to shareholders climbed 53.2% yr/yr, boosted by improved gross margin
Company acquired 27.97% stake in Nanyue Fuel Injection Systems, gaining operational control
Analyst coverage
The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 4 "strong buy" or "buy", no "hold" and no "sell" or "strong sell"
The average consensus recommendation for the auto, truck & motorcycle parts peer group is "buy"
Wall Street's median 12-month price target for China Yuchai International Ltd is $63.50, about 30.3% above its August 6 closing price of $48.73
The stock recently traded at 13 times the next 12-month earnings vs. a P/E of 14 three months ago
Result drivers and key details
Truck segment demand - Co said higher truck engine sales, especially heavy-duty and light-duty, drove revenue growth
- Co said strong demand in marine and power generation markets lifted engine unit sales by 42% YoY
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