In addition to CGS International, Nexteer Automotive Group also received a Buy from DBS’s Elizabelle Pang in a report issued on August 12. However, on August 13, Morgan Stanley maintained a Hold rating on Nexteer Automotive Group (Other OTC: NTXVF).
Based on Nexteer Automotive Group’s latest earnings release for the quarter ending June 30, the company reported a quarterly revenue of HK$2.32 billion and a net profit of HK$85.6 million. In comparison, last year the company earned a revenue of HK$2.24 billion and had a net profit of HK$63.48 million
