Posts Tagged ‘China Automotive Systems’

CAAS – Still a Buy

By: ispeculatornew | Date posted: 11.21.2007 (3:42 pm)

CAAS – China Automotive Systmes (Nasdaq) – (Closing Price – $6.40)

China Automotive Systems has posted a couple of strong quarters since my initial buy recommendation but the stock price has been inconsistent.

In Q2 of 2007 China Automotive Systems reported revenue of 36.31 million and earnings per diluted share of 0.10. CAAS’s revenue and earnings in Q2 were considerable improvements both sequentially and year over year.

In Q3 of 2007 China Automotive Systems reported revenue of 31.20 million and earnings per diluted share of 0.11. Revenues were up year over year but down sequentially due to seasonality of the Chinese passenger vehicle market. Earnings per share however improved both sequentially and year over year. (more…)

CAAS – Initiation of Buy Recommendation

By: ispeculatornew | Date posted: 07.07.2007 (12:00 am)

CAAS – China Automotive Systems (Nasdaq) (Closing Price – $7.39) 

China Automotive Systems (CAAS) is a company that has decent fundamentals and a potentially huge market. Its share price has also had some interesting movement the last few years.

China Automotive Systems engages in the manufacture and sale of automotive systems and components in China. Needless to say the potential of the Chinese automotive market is considerable. Furthermore, it was recently announced that one of CAAS’s customers, Chery Automobile Co, and Chrysler were moving ahead with a plan under which Chery will build cars for export under the Chrysler name. This will benefit CAAS’s results in the future. (more…)