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MarketScreener Homepage  >  Equities  >  SHENZHEN STOCK EXCHANGE  >  CNHTC Jinan Truck Co., Ltd.    000951   CNE0000010Y1

CNHTC JINAN TRUCK CO., LTD.

(000951)
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VW's Traton trucks pursues growth with China, U.S. alliances

01/29/2019 | 10:32am EST
Reuters
Visitors stand at booth of VW's truck unit Traton Group in Hanover

FRANKFURT (Reuters) - Volkswagen trucks business Traton wants to use alliances with rivals in China, the United States and Japan to tap into global growth and achieve a return on sales of nine percent, Chief Executive Andreas Renschler said on Tuesday.

Volkswagen is integrating Germany's truck brands MAN and Sweden's Scania as well as deepening cooperation deals with China's Sinotruk, Navistar in the United States and Hino Motors in Japan.

"We want to be the most profitable vehicle player and to have access to all global profit pools and do this in a smart way," Traton chief executive Andreas Renschler said at the company's capital markets day in London.

Renschler told investors he wanted to expand into new profit pools using alliances like those with Navistar and Sinotruk.

"We want to develop this with our partner into a new dimension," Renschler said.

Traton had already struck a partnership in the area of procurement with Japan's Hino, which is also a partner for developing alternative powertrains, Renschler said.

"This is a great platform for future development."

"Our strategic target is to achieve a 9 percent return on sales over the cycle," Renschler said of Traton's profit target.

(Reporting by Edward Taylor; Editing by Alexander Smith)

By Edward Taylor

01/29/2019 | 10:32am EST
Reuters
Stocks mentioned in the article
ChangeLast1st jan.
ACCESS CO., LTD. 1.28% 792 End-of-day quote.-17.07%
CNHTC JINAN TRUCK CO., LTD. 1.06% 38.22 End-of-day quote.69.87%
E.ON SE -1.27% 8.984 Delayed Quote.-4.45%
HINO MOTORS, LTD. 1.53% 928 End-of-day quote.-20.14%
LINE CORPORATION 0.19% 5380 End-of-day quote.0.56%
MAN SE 0.22% 45.05 Delayed Quote.4.05%
NAVISTAR INTERNATIONAL CORPORATION 0.02% 43.99 Delayed Quote.51.97%
THE GLOBAL LTD. 5.16% 224 End-of-day quote.-52.44%
VOLKSWAGEN AG -1.34% 150.1 Delayed Quote.-13.67%
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Financials
Sales 2020 55 108 M 8 400 M 8 400 M
Net income 2020 1 823 M 278 M 278 M
Net Debt 2020 700 M 107 M 107 M
P/E ratio 2020 13,9x
Yield 2020 2,15%
Capitalization 25 380 M 3 867 M 3 868 M
EV / Sales 2020 0,47x
EV / Sales 2021 0,47x
Nbr of Employees 7 786
Free-Float 32,9%
Chart CNHTC JINAN TRUCK CO., LTD.
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CNHTC Jinan Truck Co., Ltd. Technical Analysis Chart | MarketScreener
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Technical analysis trends CNHTC JINAN TRUCK CO., LTD.
Short TermMid-TermLong Term
TrendsNeutralNeutralBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus BUY
Number of Analysts 5
Average target price 48,47 CNY
Last Close Price 37,82 CNY
Spread / Highest target 42,8%
Spread / Average Target 28,2%
Spread / Lowest Target 13,7%
EPS Revisions
Managers
NameTitle
Wen Sheng Jin General Manager & Director
Zheng Tao Liu Chairman
Shi Jin Guo Financial Director
Zai Bin Wang Member-Supervisory Board
Kai Jun Hu Member-Supervisory Board
Sector and Competitors
1st jan.Capitalization (M$)
CNHTC JINAN TRUCK CO., LTD.68.09%3 867
AB VOLVO28.04%47 434
SINOTRUK (HONG KONG) LIMITED20.64%7 141
XCMG CONSTRUCTION MACHINERY CO., LTD.-5.85%6 146
JUNGHEINRICH AKTIENGESELLSCHAFT69.30%4 403
ANHUI HELI CO., LTD.61.25%1 769