China Yuchai International

Wong's prior experience include positions in companies like General Motors and Singapore's EDB.

The company says it continues to “operate normally with no major supply chain impact”.

As at Oct 16, Guangxi Yuchai’s business is operating normally with no major supply chain impact, says China Yuchai.

The lower TP comes off the back of China Yuchai’s below expectation 1HFY2022 net profit of RMB94 million, 63% lower y-o-y.

Looking ahead, the group is “cautiously optimistic” that its main business units will continue to remain resilient in the 2HFY2022

The New York Stock Exchange-listed company is charging towards “an electrified future”.

The dividend will be paid to shareholders on July 8.

Shares in Hong Leong Asia closed 3 cents higher or 3.1% up at 99.5 cents on June 7, or 0.8 times P/B, according to DBS’s estimates

SINGAPORE (Oct 25): Hong Leong Asia cited last Friday’s CIMB’s initiation report on subsidiary China Yuchai International as one of the likely reasons for the unusual trading movement of its shares today.

SINGAPORE (Oct 25): The Singapore Exchange issued Hong Leong Asia with an unusual trading activity query at 12.49pm.