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CIMB starts US-listed China Yuchai with 'add' on anti-pollution policies

Broker's Calls

CIMB starts US-listed China Yuchai with 'add' on anti-pollution policies

Samantha Chiew Published on Mon, Oct 23, 2017 / 12:07 PM GMT+8

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SINGAPORE (Oct 23): CIMB is starting coverage of US-listed China Yuchai International with an “add” call and target price of US$30.53 ($41.54).

China Yuchai, 40.2% owned by Hong Leong Asia, is an engine supplier and a market leader in the bus segment with over 50% share of sales volume in 2016.

The group also has a wide geographical footprint in China of over 2,700 service stations and 33 regional sales centres.

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