China Yuchai International Limited (NYSE: CYD) changed 0.54% to recent value of $16.8. The stock transacted 8222 shares during most recent day however it has an average volume of 47.19K shares. It spotted trading -24.55% off 52-week high price. On the other end, the stock has been noted 40.00% away from the low price over the last 52-weeks.
China Yuchai International Limited (NYSE: CYD) declared that Mr Xie Tao has been selected as an independent director of China Yuchai, effective April 10, 2019.
Mr Xie has spent the major part of his career with PricewaterhouseCoopers (PwC) for nearly 23 years. He was a lead partner of the Advisory practice in PwC China. He was also the Senior Partner of Corporate Finance and served on the Executive Board of the China, Singapore and Hong Kong member firms of PwC. Mr Xie has more than 30 years of experience in corporate management and financial advisory including mergers and acquisitions, corporate finance and transaction services. Between 2012 and 2014, he was a partner at Ernst & Young, then Deloitte, as a leader of transaction services and corporate finance business. He was also a financial advisor for the 2008 Beijing Olympic Games. Between 2010 and 2017, Mr Xie held several executive and non-executive management roles of private and public companies in China and abroad.
Mr Xie holds a bachelor’s degree in Physics from Beijing University in China and was a member of the UK Chartered Association of Certified Accountants.
The Board of Directors welcomes Mr Xie to join the Board and believes that his past extensive business and financial experience will be beneficial to China Yuchai. With the new appointment, the Board of Directors now comprises 10 members of which four are independent directors.
CYD has a gross margin of 19.00% and an operating margin of 7.90% while its profit margin remained 4.30% for the last 12 months. Its earnings per share (EPS) expected to touch remained -21.90% for this year while earning per share for the next 5-years is expected to reach at 10.00%.
The company has 40.44M of outstanding shares and 16.78M shares were floated in the market. The price moved ahead of 2.68% from the mean of 20 days, 0.02% from mean of 50 days SMA and performed 0.48% from mean of 200 days price. Company’s performance for the week was 2.45%, -1.76% for month and YTD performance remained 34.32%.
Category – Business
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