D4D.F - Dongfeng Motor Group Company Limited

Frankfurt - Frankfurt Delayed Price. Currency in EUR
0.7900
+0.0250 (+3.27%)
At close: 12:36PM CEST
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Previous Close0.7650
Open0.7650
Bid0.7800 x 440000
Ask0.7900 x 440000
Day's Range0.7650 - 0.7900
52 Week Range0.6650 - 0.9970
Volume5,400
Avg. Volume1,742
Market Cap6.758B
Beta (3Y Monthly)0.45
PE Ratio (TTM)2.96
EPS (TTM)0.2670
Earnings DateN/A
Forward Dividend & Yield0.04 (5.84%)
Ex-Dividend Date2019-06-21
1y Target EstN/A
  • China Dongfeng Motor Said to Weigh Options for Peugeot Stake
    Bloomberg

    China Dongfeng Motor Said to Weigh Options for Peugeot Stake

    (Bloomberg) -- Dongfeng Motor Corp. is exploring options for its $2.5 billion stake in Peugeot owner PSA Group including a potential divestment, people with knowledge of the matter said, as the companies grapple with a global slowdown in the automotive market.The Chinese state-owned manufacturer held talks in recent weeks with potential advisers about ways to monetize part or all of its 12.2% stake in the French carmaker, according to the people. As part of the strategic review, Dongfeng Motor has discussed possible transactions including a straight sale of PSA shares or issuing exchangeable bonds backed by PSA stock, they said.The funds would shore up Dongfeng Motor’s finances at a time when rivals are spending billions on electric vehicles and autonomous driving systems. The global car market is deteriorating as shifts in technology and weakening economic growth give consumers fewer reasons to go to the showroom. Traditional automakers are trying to fight back by slashing jobs and pursuing mergers and alliances.Dongfeng Motor, which has a local venture with PSA, plans to coordinate with the French carmaker if it decides to sell down so that it can preserve a good working relationship, the people said. Deliberations are at an early stage, and there’s no certainty they will lead to a deal, they said. The Chinese automaker may hold onto part of its PSA stake to potentially benefit from future industry consolidation, the people said.A disposal could upset the delicate balance between Dongfeng Motor, the French government and the Peugeot family, which each own 12.2% of the company. Dongfeng Motor acquired its holding -- paying 7.50 euros apiece -- as part of a 2014 bailout of the more-than-century-old carmaker that had fallen behind other mass market manufacturers. PSA and Dongfeng Motor also agreed to team up in China, giving the French automaker access to what has since become the world’s largest auto market.Shares of Dongfeng Motor Group Co., the state-owned automaker’s listed unit in Hong Kong, jumped as much as 7.2% in early Thursday trading. That’s the biggest intra-day gain since September 2018. PSA closed 0.8% lower at 19.80 euros in Paris on Wednesday. The stock is up about 6% this year.A representative for Dongfeng Motor said the company doesn’t have any information regarding the plan at the moment. Representatives for PSA, the Peugeot family and the French finance ministry declined to comment.China’s SlowdownIn China, PSA has failed to attract customers because of its outdated models and a lack of SUVs. That has contributed to a 60% decline in unit sales in Asia in the first half and left the Chinese facilities underused. Chief Executive Officer Carlos Tavares has said he’d consider making cars in China for the U.S. market. Renting out capacity is also among options to tackle the issue, Chief Financial Officer Philippe de Rovira has said.“Maybe Dongfeng also sees the risk to its investment” given PSA’s challenge to comply with stricter emission rules in Europe, said Demian Flowers, an analyst with Commerzbank. “Since there is no obvious buyer ready to step in, I don’t see how this can be a positive for PSA stock.”Underscoring the depressed state of the Chinese automotive market, Dongfeng Motor’s Hong Kong-listed unit saw second-half profit fall 30%, the most on record. The company is slated to disclose first-half results later this month. China’s largest carmaker, SAIC Motor Corp., is expected to see its annual sales to fall for the first time in at least 14 years.(Adds share performance of Dongfeng’s Hong Kong listed unit in sixth paragraph.)\--With assistance from Dong Lyu, Ania Nussbaum, Gregory Viscusi and Young-Sam Cho.To contact Bloomberg News staff for this story: Crystal Tse in Hong Kong at ctse44@bloomberg.net;Manuel Baigorri in Hong Kong at mbaigorri@bloomberg.net;Vinicy Chan in Hong Kong at vchan91@bloomberg.net;Tian Ying in Beijing at ytian@bloomberg.net;Ruth David in London at rdavid9@bloomberg.netTo contact the editors responsible for this story: Fion Li at fli59@bloomberg.net, ;Young-Sam Cho at ycho2@bloomberg.net, Amy Thomson, Kenneth WongFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.

  • PSA shares spike on report Dongfeng exploring options for stake
    Reuters

    PSA shares spike on report Dongfeng exploring options for stake

    MILAN/PARIS (Reuters) - PSA's shares briefly rose as much as 6.6% on Wednesday and trading volumes spiked after a Bloomberg report said Dongfeng Motor Corp is exploring options for its 2.2 billion-euro ($2.5 billion) stake in the French carmaker. The French carmaker's board has not received any notification or signal that Dongfeng planned to reduce its stake, a source close to the company said.

  • Moody's

    VINZ 2019-2 Retail Auto Loan Securitization Trust -- Moody's assigns definitive ratings to Dongfeng Nissan Auto Finance auto loan ABS in China — VINZ 2019-2 Retail Auto Loan Securitization Trust

    Moody's Investors Service has assigned definitive Aa3 (sf) ratings to the two senior classes of notes issued by VINZ 2019-2 Retail Auto Loan Securitization Trust, the second cash securitization of a static pool of auto loans originated by Dongfeng Nissan Auto Finance Co., Ltd. (DNAF) to individual obligors in China in 2019. There was no liquidity reserve in this transaction at closing.

  • Moody's

    VINZ 2019-2 Retail Auto Loan Securitization Trust -- Moody's assigns provisional ratings to Dongfeng Nissan Auto Finance auto loan ABS in China — VINZ 2019-2 Retail Auto Loan Securitization Trust

    Moody's Investors Service has assigned provisional (P)Aa3 (sf) ratings to the two senior classes of notes to be issued by VINZ 2019-2 Retail Auto Loan Securitization Trust, the second cash securitization of a static pool of auto loans originated by Dongfeng Nissan Auto Finance Co., Ltd. (DNAF) to individual obligors in China in 2019. There will be no liquidity reserve in this transaction at closing.

  • Reuters

    BRIEF-Dongfeng Motor Group Co Posts April Total Production Volume 247,081 Units

    May 8 (Reuters) - Dongfeng Motor Group Co Ltd: * APRIL TOTAL PRODUCTION VOLUME 247,081 UNITS VERSUS 261,804 UNITS * APRIL TOTAL SALES VOLUME 225,483 UNITS VERSUS 257,332 UNITS Source text for Eikon: Further ...

  • Moody's

    VINZ 2019-1 Retail Auto Loan Securitization Trust -- Moody's assigns definitive ratings to Dongfeng Nissan Auto Finance auto loan ABS in China: VINZ 2019-1 Retail Auto Loan Securitization Trust

    Moody's Investors Service has assigned definitive Aa3 (sf) ratings to the two senior classes of notes issued by VINZ 2019-1 Retail Auto Loan Securitization Trust, the first cash securitization of a static pool of auto loans originated by Dongfeng Nissan Auto Finance Co., Ltd. (DNAF) to individual obligors in China in 2019.

  • Reuters

    BRIEF-Dongfeng Motor Group Posts Total Production & Sales Volume for March 2019

    April 9 (Reuters) - Dongfeng Motor Group Co Ltd: * TOTAL MARCH PRODUCTION VOLUME 273,829 UNITS VERSUS 310,995 UNITS * MARCH TOTAL SALES VOL 293,123 UNITS VERSUS 287,965 UNITS Source text for Eikon: Further ...

  • Moody's

    VINZ 2019-1 Retail Auto Loan Securitization Trust -- Moody's assigns provisional ratings to Dongfeng Nissan Auto Finance auto loan ABS in China: VINZ 2019-1 Retail Auto Loan Securitization Trust

    Moody's Investors Service has assigned provisional (P)Aa3 (sf) ratings to the two senior classes of notes to be issued by VINZ 2019-1 Retail Auto Loan Securitization Trust, the first cash securitization of a static pool of auto loans originated by Dongfeng Nissan Auto Finance Co., Ltd. (DNAF) to individual obligors in China in 2019.

  • Reuters

    BRIEF-Dongfeng Motor Group Co Says FY Profit Attributable RMB 12.98 Billion

    March 27 (Reuters) - Dongfeng Motor Group Co Ltd: * FY REVENUE RMB 104,543 MILLION VERSUS RMB 125,980 MILLION * BOARD OF DIRECTORS PROPOSES A DIVIDEND OF RMB0.25 PER SHARE FOR YEAR * FY PROFIT ATTRIBUTABLE ...

  • Dongfeng-Nissan JV says mid-term China sales plan has not changed
    Reuters

    Dongfeng-Nissan JV says mid-term China sales plan has not changed

    Nissan Motor's China joint venture with Dongfeng has not made any changes to its mid-term China sales plan, a company spokeswoman told Reuters on Wednesday, responding to a report that it has cut its sales target. "Dongfeng Motor Company Limited has not changed its mid-term China plan. Dongfeng Motor Company Limited is the joint venture between Nissan and Dongfeng in China.

  • Moody's

    Dongfeng Motor (Hong Kong) Intl Co., Ltd. -- Moody's announces completion of a periodic review of ratings of Dongfeng Motor Group Company Limited

    Moody's Investors Service ("Moody's") has completed a periodic review of the ratings of Dongfeng Motor Group Company Limited and other ratings that are associated with the same analytical unit. The review was conducted through a portfolio review in which Moody's reassessed the appropriateness of the ratings in the context of the relevant principal methodology(ies), recent developments, and a comparison of the financial and operating profile to similarly rated peers. This publication does not announce a credit rating action and is not an indication of whether or not a credit rating action is likely in the near future.

  • Reuters

    BRIEF-Dongfeng And Maxion Wheels Form Aluminum Wheel JV

    March 12 (Reuters) - Dongfeng Motor Group Co Ltd: * DONGFENG AND MAXION WHEELS FORM ALUMINUM WHEEL JOINT VENTURE * MAXION WHEELS - ANNOUNCED AGREEMENT TO FORM A NEW PASSENGER CAR ALUMINUM WHEEL JOINT VENTURE ...

  • Reuters

    BRIEF-Dongfeng Motor Group Posts Feb Total Production Volume Of 132,773 Units

    March 8 (Reuters) - Dongfeng Motor Group Co Ltd: * FEB TOTAL PRODUCTION VOLUME 132,773 UNITS VERSUS 168,947 UNITS * FEB TOTAL SALES VOLUME 135,231 UNITS VERSUS 165,153 UNITS Source text for Eikon: Further ...

  • Reuters

    Six firms including JD arm, Dongfeng Motor invest $354 mln in China Railway unit

    China's national railway operator has sold a 15 percent stake in one of its units for 2.37 billion yuan ($349.9 million) to a group of six firms including JD.com's logistics arm and Dongfeng Motor , in the latest implementation of the country's mixed-ownership reforms. Beijing has been trying to bring private-sector investment and management into state-owned companies to enhance their efficiencies and competitiveness. China Railway said on its official WeChat account on Friday that Dongfeng Motor, BAIC Motor, CRRC Corp , JD Logistics, Global Logistics Properties (GLP) and China International Marine Containers (CIMC) had bought the 15 percent stake in its unit, China Railway Special Cargo Services (CRSCS).

  • Reuters

    BRIEF-Dongfeng Motor Group Co Dec Total Sales Volume 267,720 Units

    Jan 7 (Reuters) - Dongfeng Motor Group Co Ltd: * DEC TOTAL SALES VOLUME 267,720 UNITS * DEC TOTAL PRODUCTION VOLUME 255,166 UNITS VERSUS 294,140 UNITS Source text for Eikon: Further company coverage:

  • Reuters

    BRIEF-Chongqing Sokon To Buy Remaining 50 Pct Stake In For 4.83 Billion Yuan

    Nov 18 (Reuters) - CHONGQING SOKON INDUSTRY GROUP STOCK Co Ltd: * SAYS IT PLANS TO BUY REMAINING 50 PERCENT STAKE IN JV FROM DONGFENG MOTOR CORP FOR 4.83 BILLION YUAN ($696.30 million) VIA SHARE ISSUE ...

  • Moody's

    VINZ 2018-4 Retail Auto Loan Securitization Trust -- Moody's assigns definitive ratings to Dongfeng Nissan Auto Finance auto loan ABS in China: VINZ 2018-4 Retail Auto Loan Securitization Trust

    Moody's Investors Service has assigned definitive Aa3 (sf) ratings to the two senior classes of notes issued by VINZ 2018-4 Retail Auto Loan Securitization Trust, the forth cash securitization of a static pool of auto loans originated by Dongfeng Nissan Auto Finance Co., Ltd. (DNAF) to individual obligors in China in 2018. The structure allows for timely payment of interest and ultimate repayment of principal of the rated notes by the legal maturity date.

  • Reuters

    BRIEF-Dongfeng Motor Group Co Posts Oct Total Sales Volume Of 267,720 Units

    Nov 9 (Reuters) - Dongfeng Motor Group Co Ltd: * OCT TOTAL SALES VOLUME 267,720 UNITS * OCT PRODUCTION VOLUME 255,166 UNITS VERSUS 294,140 UNITS Source text for Eikon: Further company coverage:

  • Reuters

    BRIEF-Dongfeng Motor Group Co Updates On Capital Contribution To Dongfeng Nissan Auto Finance Co

    Nov 2 (Reuters) - Dongfeng Motor Group Co Ltd: * UNIT ENTERED 2018 CAPITAL CONTRIBUTION AGREEMENT IN RELATION TO INCREASE OF REGISTERED CAPITAL OF DNAF * COMPANY AND NCIC WILL EACH MAKE A CAPITAL CONTRIBUTION ...

  • Moody's

    VINZ 2018-4 Retail Auto Loan Securitization Trust -- Moody's assigns provisional ratings to Dongfeng Nissan Auto Finance auto loan ABS in China: VINZ 2018-4 Retail Auto Loan Securitization Trust

    Moody's Investors Service has assigned provisional (P)Aa3 (sf) ratings to the two senior classes of notes to be issued by VINZ 2018-4 Retail Auto Loan Securitization Trust, the forth cash securitization of a static pool of auto loans originated by Dongfeng Nissan Auto Finance Co., Ltd. (DNAF) to individual obligors in China in 2018.

  • Reuters

    BRIEF-Dongfeng Motor Group Posts September Production Volume 261,308 UNITS

    Oct 10 (Reuters) - Dongfeng Motor Group Co Ltd: * SEPTEMBER TOTAL PRODUCTION VOLUME 261,308 UNITS, DOWN 1.1 PERCENT * SEPT TOTAL SALES VOLUME 271,134 UNITS, DOWN 3.47 PERCENT Source text for Eikon: Further ...