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China Yuchai International Limited Message Board

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  • Reply to

    Dividend announcement?

    by jrombo70 May 21, 2015 6:14 PM

    At current share price $19.03, a div of $1.10 is a yield of a tad under 6%. A year ago the share price was about $20.70, and the div of $1.20 was a yield of a tad under 6%. But regardless of that, I'd rather the share price be $30 or more where it ought to be for an established, reliable, and growing company like this.

  • Reply to

    Dividend announcement?

    by jrombo70 May 21, 2015 6:14 PM

    Just announced at 1.10. Notas much as I had hoped, but not bad.

  • Any idea when to expect? We typically know by now...
    Any clue regarding the amount?
    I've enjoyed my dividends the last 4 years.. $1.50, $0.90, $0.90, $1.20 All re-invested... :)

    Sentiment: Strong Buy

  • BEIJING, May 21 (Xinhua) -- A central government fund worth 124.3 billion yuan (20.2 billion U.S. dollars) announced on Wednesday to finance affordable housing has marked China's hastened fiscal spending to prop up investment as the economy slows.

    Also on the same day, the central government announced plans to spend 1,130 billion yuan over the next three years on Internet infrastructure in an effort to tap the consumption potential of rural Internet users.

    Growth-stabilizing measures have dominated the headlines lately, after China's top leadership, the Political Bureau of the Communist Party of China Central Committee, made this one of its priorities in late April. It has particularly emphasized investment's key role in stabilizing growth.

    The National Development and Reform Commission (NDRC), the country's top economic planning body, announced earlier this week that nearly 250 billion yuan will be invested in six new railways.

    The projects include four high-speed lines in the eastern provinces of Shandong and Jiangsu, and in the northeastern province of Liaoning, and two urban rail transits in the southwestern cities of Chengdu and Nanning.

    The financing for these projects will come from a combination of fiscal funds from local governments, the state-owned China Railway Group and bank loans, according to the NDRC.

    The government has announced roughly one pro-growth measure every two days since May, according to a report in Beijing newspaper The China Times on Thursday. It labeled the accelerated spending a "salvation to the slowing economy".

    "The measures unveiled by the government this month are designed to inject money into certain regions to boost construction," said Zhang Hanya, president of the Investment Association of China.

    China's Ministry of Finance has confirmed "significantly accelerating" fiscal expenditure. It said fiscal spending hit 1.2535 trillion yuan in April, surging 33.2 percent year on year. The growth rate sharply outran the 8.2 perc

  • from Bloomberg article posted today: ---“Overall growth remains weak, but we do see some tentative signs of improvement,” Zhao Yang, chief China economist at Nomura Holdings Inc. in Hong Kong, said in an e-mail. “The loosening fiscal policy will lead to rapid growth of infrastructure building and thus partially offset the slowdown in property investment and other investment, improving short-term growth momentum.”---

  • 在全国柴油机行业一季度销量同比下滑25%,部分企业下滑超50%的低迷背景下,玉柴集团逆势而进,今年1至4月实现换挡升级稳健发展:发动机销售实现海外市场翻番增长 (Jan-Apr Oversea sales doubled, YoY),其中东南亚市场前4月进入量超过去年全年 (Jan-Apr SouthEast Asia Sales is more than that of whole year 2014),船用及发电机用动力销售额、拖拉机用动力销量等均实现同比增长超过6% (Boat / Generator / Tractor engines sales up 6% YoY),船电动力市场份额同比增长两个百分点;

  • Reply to

    Fosun added 400,000+ shares in 1Q...

    by kennafitzgerald May 14, 2015 8:26 AM

    But prepare for more pain this AM

  • Reply to

    Fosun added 400,000+ shares in 1Q...

    by kennafitzgerald May 14, 2015 8:26 AM

    That is good. I am v.long. But their participation has, so far, not been helpful to the stock price. Time will, as always, tell....

  • Reply to

    Fosun added 400,000+ shares in 1Q...

    by kennafitzgerald May 14, 2015 8:26 AM
    mei1976@att.net mei1976 May 19, 2015 11:04 PM Flag

    They are now held 993,711 shares.

  • Reply to

    Fosun added 400,000+ shares in 1Q...

    by kennafitzgerald May 14, 2015 8:26 AM

    Clearly the Fosun investment is NOT significant. The push towards 19 and below is accelerating.....sadly

  • slide promises to resume. sadly

  • SHANGHAI: China has approved close to 250 billion yuan ($40.30 billion) of railway and subway projects, the country's top economic planner said on Monday, as Beijing ramps up efforts to support growth amid a wider slowdown in the world's second-largest economy.

    China's National Development and Reform Commission (NDRC) said on its website it had given the green light to six projects, including a 46.7 billion yuan subway system in Chengdu, the largest city in southwest China.

    The others include a 60 billion yuan railway line connecting the eastern cities of Qingdao and Jinan, and two new rail connections between cities in Inner Mongolia and the existing Beijing-Shenyang high-speed railway, which together will cost 42.5 billion yuan.

    Five of the projects were approved in January and February this year and one was approved in May, according to the NDRC.

    An acceleration in project approvals coincides with a 33.2 per cent jump in fiscal spending in April, which quickened sharply from the 4.4 per cent rise seen in March, data from Ministry of Finance showed last week.

    "The (April) Politburo meeting paid high attention to the severe situation, and wanted to step up policy support to stabilise growth," Wang Jun, senior economist at Beijing-based think-tank, China Centre for International Economic Exchanges, said.

    China's economic growth slowed to a six-year-low of 7 per cent in the first quarter, as demand at home and abroad faltered. Recent data showed weakness persisted into the second quarter.

    Last week, Chinese policymakers ordered banks to keep lending to local government projects under construction, including affordable housing and urban subways.

  • Reply to

    Fosun added 400,000+ shares in 1Q...

    by kennafitzgerald May 14, 2015 8:26 AM

    You're funny.

  • Reply to

    Fosun added 400,000+ shares in 1Q...

    by kennafitzgerald May 14, 2015 8:26 AM

    Kenna,
    It was interesting how the Chinese participated in the meeting. I think this was the first time ever. Was this perhaps to familiarise them with the investment community? Does this mean the Chinese will have a more prominent role in Board issues going forwards? Time will tell.

    It's encouraging Fosun is increasing its holding and I am sure their interest is not solely for the dividend. As outlined in the Conference Call increased stimulus will hopefully kick in Q3/Q4 and we should benefit from That. The question is, will we only get the cyclical upturn or will we see a re-rating of the share price to narrow the discount as well? Maybe Fosun can provide the catalyst for change that Shah was unable to? We can but hope.

  • Reply to

    Fosun added 400,000+ shares in 1Q...

    by kennafitzgerald May 14, 2015 8:26 AM

    Fosun was clearly a sell signal.....

  • Reply to

    Fosun added 400,000+ shares in 1Q...

    by kennafitzgerald May 14, 2015 8:26 AM

    I fear that will not arrest the slide. Even my patience is expiring......

  • Reply to

    Fosun added 400,000+ shares in 1Q...

    by kennafitzgerald May 14, 2015 8:26 AM

    Fosun is a Chinese big boy. They are not building a significant position to collect the dividend. I found it very telling and a big positive that on the 1Q conference call... HLA took a backseat to the Chinese mainland keyman operators. That tells you who is really in charge. It's all about the stimulus. Fosun probably already knows about that timing and something else that it is encouraging them to buy big chunks of this stock. Potter is in the weeds. Stimulus will move this stock price.

  • Reply to

    Fosun added 400,000+ shares in 1Q...

    by kennafitzgerald May 14, 2015 8:26 AM

    No. Except that Fosun is accumulating.

  • BEIJING (Reuters) - Diesel used outside the automotive sector will have meet the "National V" fuel quality standards by January 2018, a year later than automotive fuels, China's powerful central planning authority said on Thursday, as the government continues to battle rampant smog.

    China earlier moved up implementation of the new quality standards for automotive fuels to the beginning of 2017, excluding so-called "general" diesel used in agriculture and industry.

    Starting next year, China will expand the areas receiving automotive gasoline and diesel that meet the standards to 11 eastern provinces and cities, before rolling them out nationwide in 2017.

    In 2018, the Chinese market will need a supply of 52 million tonnes, or 388 million barrels, of "general diesel", the central planning authority, the National Development and Reform Commission (NDRC), said.

    "Building on basis of upgrading automotive gasoline and diesel can speed up the refitting of main refineries in order to upgrade general diesel ... and safeguard the domestic market supply of automotive and general diesel," the NDRC said.

    The fuel standards are similar to quality specifications of Euro V, which has a maximum sulphur content of 10 parts per million (ppm).

  • Reply to

    Fosun added 400,000+ shares in 1Q...

    by kennafitzgerald May 14, 2015 8:26 AM

    Do you have further info, Kenna?

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