Fresh Look At Yutong Bus: Narrow Moat Intact, FVE Raised to CNY 17.70
After taking a fresh look at Yutong Bus, we are increasing our fair value estimate to CNY 17.70 per share from CNY 16.10 and maintaining our narrow moat and stable moat trend rating. The bus maker’s narrow moat rests heavily on its intangible assets, which encompass the strength of its brand and extensive service network. This is demonstrated by the firm’s ability to maintain or build market share and price products at a premium to peers. Our fair value estimate implies 18.2 times forward earnin...ZHENGZHOU YUTONG BUS CO.,LTD. is a China-based company principally engaged in the research and development, manufacture and sale of passenger car products. The main products of the Company consist of urban buses, seat coaches, school coaches and other types of passenger cars. The Company also provides ground passenger transportation services. The Company distributes its products within domestic markets and to overseas markets.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
We have operations in 27 countries.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.