27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
SINGAPORE, May 6, 2019 /PRNewswire/ -- China Yuchai International Limited (NYSE:CYD) ("China Yuchai" or the "Company") announced today that 600 buses manufactured by Anhui Ankai Automobile Co., Ltd. ("Ankai") and propelled by Yuchai engines, were delivered to Saudi Arabia, creating the largest single export order for Chinese buses so far in 2019.
Saudi Arabia's largest passenger group, Hafil Transportation Company ("Hafil"), took delivery of the 12-meter buses, all equipped with Yuchai YC6L engines.
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Hafil has approximately 12,000 buses, including nearly 8,000 buses powered by Yuchai engines. Hafil has a specific fleet of buses to support the nearly 3 million visitors for the important Hajj and Umrah religious pilgrimages. In addition, Hafil's other buses are for school transportation, contract transportation, and conventional short- and long-distance coach services.
Yuchai has established 186 overseas service stations to ensure effective and timely after-sales service. Additionally, there are two regional support centers which include service training and spare parts depots. As of March 2019, Yuchai engine overseas installation exceeded 430,000 units.
Mr. Weng Ming Hoh, President of China Yuchai, commented, "Yuchai engines are highly preferred by Saudi customers as our engines have proven to be able to cope with the extreme heat and the local wind and sand weather conditions. This order further strengthens our leading position in this engine market."
About China Yuchai International
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China Yuchai International Limited, through its subsidiary, Guangxi Yuchai Machinery Company Limited ("GYMCL"), engages in the manufacture, assembly, and sale of a wide variety of light-, medium- and heavy-duty engines for trucks, buses, passenger vehicles, construction equipment, marine and agriculture applications in China. GYMCL also produces diesel power generators. The engines produced by GYMCL range from diesel to natural gas and hybrid engines. Through its regional sales offices and authorized customer service centers, the Company distributes its engines directly to auto OEMs and retailers and provides maintenance and retrofitting services throughout China. Founded in 1951, GYMCL has established a reputable brand name, strong research and development team and significant market share in China with high-quality products and reliable after-sales support. In 2018, GYMCL sold 375,731 engines and is recognized as a leading manufacturer and distributor of engines in China. For more information, please visit http://www.cyilimited.com.
Safe Harbor Statement
This news release may contain forward-looking statements within the meaning of the Private Securities Litigation Reform Act of 1995. The words "believe", "expect", "anticipate", "project", "targets", "optimistic", "confident that", "continue to", "predict", "intend", "aim", "will" or similar expressions are intended to identify forward-looking statements. All statements other than statements of historical fact are statements that may be deemed forward-looking statements. These forward-looking statements including, but not limited to, statements concerning the Company's operations, financial performance and condition are based on current expectations, beliefs and assumptions which are subject to change at any time. The Company cautions that these statements by their nature involve risks and uncertainties, and actual results may differ materially depending on a variety of important factors such as government and stock exchange regulations, competition, political, economic and social conditions around the world and in China including those discussed in the Company's Form 20-Fs under the headings "Risk Factors", "Results of Operations" and "Business Overview" and other reports filed with the Securities and Exchange Commission from time to time. All forward-looking statements are applicable only as of the date it is made, and the Company specifically disclaims any obligation to maintain or update the forward-looking information, whether of the nature contained in this release or otherwise, in the future.
For more information, please contact:
Investor Relations
Kevin Theiss
Tel: +1-212-521-4050
Email: cyd@bluefocus.com
SOURCE China Yuchai International Limited
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.