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China Automotive Systems, Inc.China Automotive Systems, Inc.China Automotive Systems, Inc.

China Automotive Systems, Inc.

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CAAS trade ideas

$CAAS entry PT 4.50-4.75 PT 26 and higher, time frame: about oneContinuation of uptrend is confirmed by this resistance level break... Mirrored Harmonic Patterns as it repeats with influx of Volume by MMs Huge neon bar indicates Dark Pool buys (BSP RAW- TradingView indicator) China Automotive Systems, Inc., through its subsidiaries, manufactures and sells automotive systems and components in the People's Republic of China. It produces rack and pinion power steering gears for cars and light duty vehicles; integral power steering gears for heavy-duty vehicles; power steering parts for light duty vehicles; sensor modules; automobile steering systems and columns; and automobile electronic and hydraulic power steering systems and parts. China Automotive Systems, Inc. also markets automotive parts in North America and Brazil, as well as provides after sales services, and research and development support services. The company primarily sells its products to the original equipment manufacturing customers. China Automotive Systems, Inc. was incorporated in 1999 and is headquartered in Jingzhou City, the People's Republic of China.
NASDAQ:CAASLong
by UnknownUnicorn19246015
Short to $5.35Insider Selloff will scare the bulls away ... China Automotive Systems Inc (NASDAQ:CAAS) was trading 1.4% lower from the previous closing price. A Form 4 filing filed with the SEC on Tuesday, December 8 showed that Li Jie sold 10,000 shares at an average price of $9.00. The transaction moved the executive's stake in China Automotive Systems Inc. to 91,030 shares. Why Insider Transactions Are Important? While transactions from an insider shouldn't be used as the sole item to make an investment or trading decision, an insider buying or selling stock in their company can be a good added factor that leads to more conviction in a decision.
NASDAQ:CAASShort
by Jason_Killingsworth
$CAAS is gonna fall todayPupm&Dump trading strategy idea. $CAAS is rising without clear preconditions today. The demand for shares of the company looks lower than the supply. This and other conditions can cause a fall in the share price today. So I opened a short position from $6,63; stop-loss — $7,28; take-profit — $5,98; Do not view this idea as a recommendation for trading or investing. It is published only to introduce my own vision. Always do your own analysis before making deals. When you use any materials, do not rely on blind trust. You should remember that isolated deals do not give systematic profit, so trade/invest using a developed strategy. If you like my content, you can subscribe to the news and receive my fresh ideas. Thanks for being with me!
NASDAQ:CAASShort
by KozakHlib
3
Significantly Increased Sales to the Rising Chinese EV MarketChina Automotive Systems Significantly Increased Sales to the Rising Chinese EV Market in 2020 - 120,000 steering units shipped for electric vehicle ("EV") models so far in 2020; may reach over 140,000 units by year end 2020 - targets sales of over 200,000 steering units for Chinese EV vehicles in 2021 - - Sales of Chinese EVs approximately doubled year-over-year to 144,000 units in the month of October 2020. With this rapid growth of EVs occurring in China, the outlook is for booming growth as the Chinese government has set an EV car target of 25% of all new cars by 2025. - Other new products are under development to meet the future needs of the surging Chinese EV market." - Our portfolio of EPS products has the potential to become a major growth channel over the next few years as we further capture market share in the burgeoning market for Chinese electric vehicles. finance.yahoo.com
NASDAQ:CAASLong
by AlenCiken
Recommendation for CAAS: Strong sell.The stock surge of CAAS has been established on the expectation that the company will go private. While to my research, the expectation is highly likely to fall through and I recommend to short. CAAS announced in May that its Board of Directors received a preliminary non-binding proposal letter from its Chairman, Mr. Hanlin Chen, to acquire all the outstanding shares of common stock of the company not already beneficially owned by Mr. Chen for US$5.45 per share in cash. The offer was revised in August that the deal would be completed through a company owned by Mr. Chen and his wife with target price being the same. One thing about the non-binding proposal is the huge uncertainty to close the deal as the due diligence process can reveal additional information about the company; the other thing for non-binding offer is the funding plan that sellers usually outline to prove the transaction can be completed. In this case, Mr. Chen would pay $75.2million in cash to complete the deal while nothing was mentioned in the offer about the financing issue. Assuming Mr. Chen has sufficient cash, the escalated capital regulation in China has made it almost impossible to exchange RMB to USD to reacquire the shares. There were already several well-known investigations by the Chinese government into multinational companies who have been active in oversea M&A deals this year. It is said CSRC (China Securities Regulatory Commission) isn’t supportive of “go-private” and we are all aware political risk can affect Chinese companies more than others. The analysis above was based on the assumption that Mr. Hanlin Chen has enough cash for the transaction, but does he really have? Surprisingly, besides CAAS, Mr. Hanlin Chen has been involving in the management of 31 other companies, and even plays a key role in most of them. For example, Mr. Chen is the legal representative for Shanghai Hongxi Investment & Development Co.,Ltd, Shiyan Jiulong Automobile Spare Part Co.,Ltd, Xiamen Qiaolong Industry & Trade Development Limited Company, Hubei Henglong Automotive System Group Co., Ltd. and etc. I’m wondering how Mr. Chen deals with conflicts of interest when some of his other companies are also in the automobile industry, and how Mr. Chen divides his effort when his other companies are so diversified in industries like investment, materials, real estate, petit credit, microchips manufacture. Also, even CAAS has been profitable, the company never issued dividends to its investors, so where did Mr. Chen get the money for his business investment empire? Is it possible CAAS’s asset has been moved to his own pocket? If it is true, what about the interests of others investors of CAAS? Looking deeper into his companies, something more interesting showed up. Jingzhou Henglong Real Estate Co., Ltd, of which Mr. Chen is the largest shareholder with 26% of the shares, has experienced serious cash flow problems. The company invested 4billion RMB in a residential development project called Henglong Four Seasons and hasn’t finished the construction on time because of financing issues. The company was sued by the condo buyers and was required by the court to deliver the condo within three months and pay the compensation fee with interest loss, or the contracts will be invalid. It’s hard to imagine how Mr. Chen has cash to buy CAAS when another firm of his is so desperate for money to deliver the project. The financial reports revealed the cash and cash equivalents of CAAS decreased by 30% from 2015 to 2016. The investing cash flow increased by 62.5% from 2015 to 2016 and the pace continued in 2017. Besides CAAS dramatically increased its bank and government loan in 2017, which is 5 times as last year according to the quarterly report. Where is all the money going? Wish it’s not Mr. Chen’s own pocket. To conclude, Mr. Chen’s non-binding proposal couldn’t show enough sincerity to complete the deal. Combining the evidence of his other firms, it’s probably just a gimmick
NASDAQ:CAASShort
by TonyElliott
Godd News with Braking the Channel I would like to invest in this company , that recorded high sales for the third quarter in the company history, as their sales accelerated to 24.2% year-over-year in the third quarter of 2013 from a 21.8% year-over-year increase in the second quarter of 2013. they have reported the highest sales for any first, second and third quarters in 2013, resulting in a 22% year-over-year increase to a record high sales of $286 million for the first nine months of 2013. But the most important think is the PE with 9.16 which is great followed by 0.92 PEG and 9.60 Forward PE and no Dept , i think if we could have a close above 8.46 today with high volume it would be a good signal to go bullish toward 10.50 -13 minimum
NASDAQ:CAAS
by Nashwan
1