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Hong Leong Asia ( (SG:H22) ) has shared an update.
China Yuchai International Limited announced the launch of the new mtu Series 2000 high horsepower engines by its joint venture, MTU Yuchai Power Co., Ltd. This development marks an expansion of their product line, with the new engines being suitable for both primary and backup power generation applications. The launch is expected to drive growth by enhancing the company’s market position and expanding its customer base, particularly in the high-end power generation market.
The most recent analyst rating on (SG:H22) stock is a Buy with a S$2.80 price target. To see the full list of analyst forecasts on Hong Leong Asia stock, see the SG:H22 Stock Forecast page.
More about Hong Leong Asia
China Yuchai International Limited, through its subsidiary Guangxi Yuchai Machinery Company Limited, is a leading powertrain solution provider in China. The company specializes in the design, manufacture, assembly, and sale of a wide range of engines for various applications, including trucks, buses, construction equipment, and power generation. Their portfolio includes diesel, natural gas, and new energy products such as electric and hybrid systems.
Average Trading Volume: 1,626,900
Technical Sentiment Signal: Buy
Current Market Cap: S$1.8B
Find detailed analytics on H22 stock on TipRanks’ Stock Analysis page.