China Yuchai Shares Plunged: What You Need to Know
) Were stalling out today, falling as much as 23% in intraday trading on heavier-than-average volume.So what: I pity the companies that had to announce earnings today. With the broad market going absolutely berserk with selling, even a hint of bad news would be enough to send an individual stock into a tailspin. And it seems China Yuchai's earnings provided just that fuel for bearish traders. For the second quarter, the company's total revenue was flat with last year, while earnings per share fell from $0.74 in 2010 to $0.64. According to Capital IQ, analysts were expecting per-share profit of $0.65 on revenue of $624 million.
Now what: It doesn't seem like investors have much interest in anything right now except selling and selling fast . The U.S. ratings downgrade from Standard & Poor's and the cloudy economic picture for the U.S. may not have a direct impact on China Yuchai, but in the short term investor psychology can be very powerful, and right now it's in bad shape. Investors with China Yuchai on their radar may want to step back and take a sober view of the earnings report and the economic situation in China rather than simply surrendering to the broader market panic.
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Chinese Diesel Engine - News
What: Shares of Chinese diesel engine manufacturer China Yuchai International (NYS: CYD) were stalling out today, falling as much as 23% in intraday trading on heavier-than-average volume. So what: I pity the companies that had to announce earnings
Great Wall wants to expand production of gasoline and diesel engines and six-speed manual transmissions. SHANGHAI, China — China's Great Wall Motors, which is moving aggressively to broaden its product portfolio while boosting overseas sales,
Xinde Technology, described as “a widely respected China-based designer and manufacturer of internal combustion engines and parts” plans to produce non-road high-power diesel engines with power ranging from 200kW to 1500kW. The compoanny says these
"China's burgeoning growth in shipbuilding capacity during recent years has stimulated the rapid development of the marine diesel engine market. We are, therefore, delighted to have formed this partnership with CSSC Guangzhou Marine Diesel Engine Co.,
Company documents said about 410 million yuan will be used to boost diesel engine production by 100000 units a year, while 570 million yuan is earmarked for a 300000-unit increase in petrol engine output and 570 million yuan for components such as
Shipbuilding Tribune - China: CSSC-MES Diesel Co. Bags USD 300 ...
CSSC-MES Diesel Co., Ltd. just received an eco-friendly diesel engine order, worth USD 300 million, from Jiangsu Yangzijiang Shipbuilding Group. The new generation of 10,000 TEU container vessels contracted in China by Seaspan represents major improvements in energy efficiency, cargo capacity, operational efficiency and emission reductions. The new features have been developed in a collaboration between Seaspan, the Yangzijiang Shipbuilding Group, MARIC and DNV.
The order for seven 10,000 TEU container vessels plus 18 options which was signed in Shanghai on 8 June is the biggest ever container contract entered into in China. The vessels will be built to DNV class.
CSSC-MES Diesel will supply the world’s most advanced environment-friendly diesel engines to 25 container carriers. This kind of engines targeted at ships has been the latest products designed by world-known MDT. The engines have been environment-friendly and intellectual diesel engines with the largest power that domestic companies can manufacture.
CSSC-MES Diesel is a joint venture among China State Shipbuilding Corp, China CSSC Holdings Ltd and Mitsui Engineering & Shipbuilding Co., Ltd. In 2010, China’s shipbuilding industry witnessed a rapid growth. 65.6-DWT ships were built in the country. The output has outnumbered that of South Korea for the first time. South Korean shipyards built 47.5-million-DWT ships last year.
Chinese Diesel Engine - Bookshelf
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