(Adds details, analyst comment and background) HONG KONG, Aug 28 (Reuters) - Chinese truck maker Qingling Motors posted a 65 percent fall in first-half net profit on Wednesday as fierce competition in China's truck manufacturing industry took its toll, analysts said. Investors punished its stock, which plunged 11.71 percent to HK$0.98 in early afternoon trade, minutes after the company reported its interim results. Through Tuesday's close, the stock had gained 18 percent in the past ...
Premium Content (PAID Subscription Required)
"UPDATE 1-China's Qingling Mtrs H1 dives on fierce competition" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.