SEHK:1316Auto Components
Nexteer Automotive Group (SEHK:1316) Stock Rides Record Revenue And Cash Flow
Nexteer Automotive Group stock came into today on a short streak, up about 11% over the past week and roughly 28% over the past month. Traders now have fresh H1 numbers to justify that interest. The headline is simple. Nexteer posted record first half revenue of US$2.33b and turned that into US$86m of net profit and US$109m of free cash flow.
For a steering systems supplier tied to global auto production cycles, that cash generation and record top line matter more than the day’s price move...