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This was posted by ChiTrader on the CYD board:

from Taipanonline- Ms Ng found this stock quite a while ago ( almost a year ago, if memory serves, so I think she knows what she's talking about. Nevertheless, take it for what it's worth, one person's well-informed opinion (this was dated Nov. 12, 2003):
http://tinyurl.com/uvbt

Dear Friend,

A number of Taipan members have sent us emails asking about the recent moves in China Yuchai (CYD:NYSE). Since the Feds frown on us providing “individual” investment advice, here's what we'd like to let you know in a very public fashion:

Siu-Yee Ng, our resident China (and IPO) expert, writes: “The selloff on Monday may be due to some profit taking and to CYD's anticipated earnings report. CYD had a net income of US$9.4 million for the quarter ended September 30, 2003, somewhat shy of the US$10.0 million it recorded in the same period last year.

“But the big selloff in late trading yesterday and this morning was due to its net sales coming in below estimates. Net sales were only US$113.0M, US$12.5 million less than forecast. But it is still a 12% increase over last year.

“For the first nine months of 2003, gross margin fell around 4% year over year. Initially this looked bad for the company. But what's actually happening is that CYD is selling more of its lower-margin, light-duty engines.

“The Chinese government says that for the first nine months of 2003 there was around a 15% increase in the sales of trucks and buses in China compared to last year. And CYD saw a sales increase of around 35% for its engines. So you see, things are not bad at all.

“If you set a 20% trailing stop, you would have sold when the stock price hit US$29.79, giving you a gain of 562%. But from the emails I've received, it appears many of you still see the growing potential for CYD. And so do many other investors, as seen in CYD's recovery today.

“We recommended taking profits on 50% of your position a few weeks back. If you didn't sell at US$29.79, continue to hold.”

------------------------------------------------------------------------
ChiTrader

(LG again:) I make no judgement on the accuracy on the figures contained in the message.

Larry
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