Bharats Auto News Channels
  • Home
  • Engine
  • Brakes
  • Suspension
  • Steering
  • Front Axle
  • Battery
  • Bearings
No Result
View All Result
  • Home
  • Engine
  • Brakes
  • Suspension
  • Steering
  • Front Axle
  • Battery
  • Bearings
No Result
View All Result
Bharats Auto News Channels
No Result
View All Result
Home Steering

Tap Into a Massive Auto Parts Market with CAAS Stock

admin by admin
December 29, 2020
in Steering
0 0
0
Tap Into a Massive Auto Parts Market with CAAS Stock
0
SHARES
14
VIEWS
Share on FacebookShare on Twitter


When you’d like to think about an organization that provides important components to an enormous market, then check out China Automotive Techniques (NASDAQ:CAAS). This agency is an automotive programs and elements producer and vendor which — because the identify implies — is predicated in China. As a result of it’s not a large firm, nonetheless, some American merchants aren’t acquainted with CAAS inventory.

A stack of auto parts

Supply: Shutterstock

For one, a market capitalization of round $192 million means that it has room to develop. China Automotive Techniques is a niche-oriented but additionally pretty diversified firm, specializing in “a full range of auto parts integrated into steering programs for each passenger cars and industrial automobiles.”

However, as an knowledgeable investor, it’s vital to find out whether or not the corporate is heading in the right direction. Analyzing the out there knowledge will information us in deciding whether or not China Automotive Techniques is poised for growth.

Whether it is, CAAS inventory might symbolize a ripe alternative for traders — this little-known identify could possibly be a shock market runner in 2021.

CAAS Inventory at a Look

All through its historical past, CAAS inventory has been recognized for sharp value spikes. The bulls shortly pushed the share value above $10 in 2003, 2004, 2006, 2010 and November of this 12 months.

The 2010 value spike in CAAS inventory was significantly highly effective because it topped out on the $23 degree. That value could possibly be a goal for the bulls sooner or later. In the intervening time, although, there are different milestones to attain alongside the best way.

In 2020, the bulls pushed the inventory to a 52-week excessive of $13.69. Nonetheless, by Dec. 21, that value was lower in half. That wasn’t nice information for people who already owned the shares, however no less than potential traders might get in at a lower cost level.

That mentioned, within the remaining stretch of 2020, CAAS appears to be stabilizing. From Dec. 15 by means of Dec. 23, the share value hovered between $6.50 and $7. So, are there causes to imagine that the bull thesis holds true for CAAS?

A Historic Excessive

Holders of CAAS inventory must be glad to know that the corporate studies some spectacular stats for its dimension. For instance, it provides 4 totally different sequence and over 300 fashions of energy steering. It additionally owns three logos “overlaying car components and 190+ Chinese language patents overlaying energy steering know-how.”

The newest stats additionally point out a enterprise in robust progress mode. In November, the agency shipped “approximately 70,000 commercial vehicle steering systems to main Chinese language truck OEM producers and the North America aftermarket.”

That determine represents a “month-to-month historic excessive” for the corporate. As well as, the corporate initiatives that its newfound gross sales charge of 70,000 items will proceed into the primary quarter of subsequent 12 months. This all means that CAAS is transferring in the best course.

Progress within the Electrical Car Market

CEO Qizhou Wu has famous that the corporate’s steering manufacturing traces “are working at almost full capability with two shifts.” So, clearly, the meeting line is working onerous. We will additionally conclude that the market is treating China Automotive Techniques fairly properly.

However CAAS inventory might additionally poise itself for extra progress by getting in on the red-hot electrical automobile (EV) market. Leveraging this market will surely be advantageous.

Just lately launched knowledge signifies that the corporate is, in actual fact, addressing this vital market. Up to now in 2020, it has shipped 120,000 steering units for electric vehicles.

Moreover, the corporate initiatives that this determine could exceed 140,000 items by the 12 months’s finish. And 2021 could possibly be even higher — China Automotive Techniques is pushing for gross sales of greater than 200,000 steering items for Chinese language EVs subsequent 12 months.

The Takeaway

So, clearly this agency is making important headway in its particular area of interest. On prime of its robust unit deliveries, leveraging the EV growth solely provides worth to CAAS inventory and its traders.

Given these spectacular numbers, I believe we are able to anticipate to listen to far more about China Automotive Techniques sooner or later. Its meeting line — and the corporate itself — is working at full steam.

On the date of publication, neither Louis Navellier nor the InvestorPlace Analysis Workers member primarily chargeable for this text held (both straight or not directly) any positions within the securities talked about on this article.

Louis Navellier had an unconventional begin, as a grad pupil who by chance constructed a market-beating inventory system —with returns rivaling even Warren Buffett. In his newest feat, Louis found the “Grasp Key” to benefiting from the biggest tech revolution of this (or any) generation.



Source link

ShareTweetPin
Previous Post

United States Vehicle Suspension Market In-Depth Research Report 2020-2021

Next Post

Global Commercial Vehicle Engine Exhaust Valve Market Research Report – Industry Analysis, Size, Share, Growth, Trends and Forecast

Next Post

Global Commercial Vehicle Engine Exhaust Valve Market Research Report - Industry Analysis, Size, Share, Growth, Trends and Forecast

Safety takes center stage in Illinois-based event-production company’s touring division

Safety takes center stage in Illinois-based event-production company’s touring division

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Top Picks

https://www.youtube.com/watch?v=jKKZisB4QLA

Popular News

  • New York City teens attack family’s car in broad daylight: ‘I thought I was going to die’

    New York City teens attack family’s car in broad daylight: ‘I thought I was going to die’

    0 shares
    Share 0 Tweet 0
  • Global Impact of Covid-19 on Passenger Vehicle Engine Intake Valve Market to Record Significant Revenue Growth During the Forecast Period 2020–2026

    0 shares
    Share 0 Tweet 0
  • Volkwagen brings more V8 Touareg goodness for 2021

    0 shares
    Share 0 Tweet 0
  • Toyota ‘BZ’ electric car to kick-off the brand’s EV revolution

    0 shares
    Share 0 Tweet 0
  • Global Commercial Vehicle Suspension System Market 2019 Industry Key Players, Trends, Sales, Supply, Demand, Analysis & Forecast to 2025 – Cheshire Media

    0 shares
    Share 0 Tweet 0
Bharats Auto News Channels

Categories

  • Battery
  • Bearings
  • Brakes
  • Engine
  • Front Axle
  • Steering
  • Suspension
Road test backlog puts brakes on drivers and businesses

Road test backlog puts brakes on drivers and businesses

January 22, 2021
Off Highway Vehicle Engine Market Status and Trend Analysis 2017-2026 Research Report, Future Demand, Sales Data, New Players – Cummins, Caterpillar

Off Highway Vehicle Engine Market Status and Trend Analysis 2017-2026 Research Report, Future Demand, Sales Data, New Players – Cummins, Caterpillar

January 22, 2021
  • Privacy Policy
  • About
  • Contact

Copyright © 2020 Bharat News Channels. All Rights Reserved.

No Result
View All Result
  • Home
  • Engine
  • Brakes
  • Suspension
  • Steering
  • Front Axle
  • Battery
  • Bearings

Copyright © 2020 Bharat News Channels. All Rights Reserved.

Welcome Back!

Login to your account below

Forgotten Password?

Create New Account!

Fill the forms below to register

All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In