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YHI International Limited ( (SG:BPF) ) has issued an update.
YHI International Limited has seen an improvement in its gross profit margin over the past three years, attributed mainly to better pricing and product mix. Despite concerns about U.S. tariffs, the impact on their Malaysian wheel manufacturing is minimal as the majority of exports are to Europe. The company has shifted its focus in the tyre segment from the discontinued Neuton brand to distributing reputable factory brands and has successfully launched the Neuton Power brand in its energy segment. The acquisition of a 60% stake in Wheelworld GmbH has shown significant sales growth in Germany, indicating a strategic expansion in the European market.
More about YHI International Limited
YHI International Limited operates in the automotive and industrial products sector. The company is involved in the manufacturing and distribution of automotive wheels and batteries, as well as industrial products such as inverters and solar panels. Its market focus includes the European market for wheels and a diversified approach in the energy segment.
YTD Price Performance: -4.17%
Average Trading Volume: 42,113
Technical Sentiment Signal: Hold
Current Market Cap: S$133.6M
See more insights into BPF stock on TipRanks’ Stock Analysis page.