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China Automotive Systems, Inc. (CAAS)
NasdaqCM - NasdaqCM Real Time Price. Currency in USD
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At close: 4:00PM EDT
412 reactions on $CAAS conversation
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I think we are so undervalued, with a market cap of 155million and sales close to 500million we should have no problem doubling the share price this year.
Unbelievable, if this was a tech co with the growth they have we would be at 10, go figure.
what do you think about the last days?
RSI already touched the level that brought us into 10$+
also volume is getting stronger every day - but my biggest fear is the reports in 30.3
What do you think about it?
EARNINGS REPORTED: 0.04 PS beat by 318.30%
zacks investments is not correct
EARNINGS RELEASED WE GO TO $ $28 SAME DAY
Soon over 60$+
lets go earnings out sales$146 million
$10 after earnings. calling it now
Under valued by simply wall st. By 95% -> should be valued 119.41$
Good update with today PR. I'm back in.
China Automotive Systems Granted US Patent Titled 'Differential angle sensor'
possibly the lawsuit was dismissed?
WS sees something they like here. Vol. exploded yesterday and is strong this morning. 65M shares are not purchased by insiders or retail.. they can’t sell enough this morning to bring the price down significantly. Price shot up yesterday due to tiny float. Won’t be surprised if it dips to $10 but seems worth holding as a spec play, easy double or triple next year based on modest MC, decent fundamentals, and revenue growth due to EV demand.
on hold at 29% jump
EPS-Electric power steering is a great growth story for Electric Vehicles as well as internal combustion vehicles. When you move up to larger SUV and pickups, a hybrid electric recirculating ball system is used. These systems will also be incorporated with accident avoidance safety features as well. CAAS has both of these systems covered, and building out new capacity, as we speak.
Many developments at CAAS, and it's a great short term and long term growth story.
We're not seeing much interest on this board these days. But that's ok.
This is why I want to take a position with CAAS tomorrow :
1- CAAS supplies steering system to 3 largest China EV companies beginning this year with 120,000 units delivered.
and 200,000 forecast for next year!
This is huge for CAAS, a company with a market cap around 100 Millions!
2- A down grade right after CAAS news release is very fishy , someone wants to steal shares from weak retailers !
3- EV in China is booming , NIO, LI and XPEV delivered 18,500 EV a month ! that’s a lot steering systems to be sold by CAAS !
You people trust this company?
Second quarter sales were $125 million, a 6% increase over last year's period. Regarding bottom line earnings, $.03 cents per share looks weak. Keep in mind that the Chairman wants to buy out this company for $5.45 per share, so he will do all he can to report the weakest possible earnings per share. At the same time, we have no conference call, no updates on the KYB-(Japan) joint venture, and no outlook other than to stick to the current yearly sales forecast.
We do know that the KYB joint venture was signed in June, has a production startup date of September 2018, (in a month). This is a significant development for CAAS since KYB Japan is a high volume supplier to Japan based auto companies, like Toyota, Honda and Nissan. This joint venture will result in instant new business from Japan auto companies with production operations in China.
With the September startup for this joint venture, we should begin to see an increase in Q3 sales. As we move into the fourth quarter, we should see a more meaningful impact of this joint venture. At the same time, the joint venture should win a number of new contracts for electric power steering, from Japan plants in China.
We should hear something soon from the independent board, regarding the appraised value for this company.
I would think the Chairman wants to try to do the buyout before shareholders see the additional business from the KYB joint venture.
Back in May KYB did issue a detailed press release regarding this joint venture.
Just remember, the Chairman wants to buy out CAAS because it's growth potential and true value are much higher than his $5.45 offer.
KYB would offer $10+ to buy out CAAS, if the Chairman were to agree to sell.
This week is the big week for this stock. It has been building up energy for a while. Hoping for the best results on February 5. Price is at support level. If wanting to add more shares this is the time. Looking at the indicators, this is going sideways and up.
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