Recently, a Yutong company donated a school bus to Macedonia. In this regard, the staff of the customer service department of Yutong Company explained that “the school bus used for assistance is not the public assistance of Yutong Company and it is not related to the 202 bus contracts previously signed between Yutong Company and Macedonia. School bus assistance belongs to the government. Actually, Yutong Company is only a manufacturer.†Whether the public agrees or disapproves, school buses have become more and more of a social concern as a means of ensuring student safety to study and go to school.
Premier Wen Jiabao of the State Council stated on the 27th that the school bus traffic safety work must be strengthened in particular. The State Council has instructed relevant departments to quickly formulate school bus safety regulations. The refinement of school bus standards is good news for bus manufacturers. Last week, bus companies related to school bus production, such as Yutong, Zhongtong, Jinlong and Huanghai, all rose to varying degrees.
It is reported that the Yutong Bus stock price soared to 23.48 yuan yesterday, to close at 23.36 yuan, up 5.32%. Securities institutions continue to give a "buy" rating, and pointed out that if the state mandates the safety norms of school buses, only the replacement of existing running vehicles will bring about a considerable increase in the passenger car market. The opening of the school bus market will enable Yutong's new production capacity to be rapidly utilized. In 2011, Yutong Bus expects sales to reach 46,100 units, an increase of approximately 11.75% over the same period of last year.
The Yutong bus, which fell 2.29% last Friday, ushered in a rebound yesterday. Yesterday, Yutong Bus opened higher and higher in the morning and rose more than 7%, and it declined slightly in the late period. At the close of trading, it was reported to be 23.36 yuan, an increase of 5.32%. In addition to Yutong Bus, many other school bus concept stocks also performed well. Zhongtong Bus rose 7.51%, Yaxing Bus rose 3.38% and Ankai Bus rose 2.19%.
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