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| HSI1 | 25,652.97 | 0.00 | -- |
| HSCEI1 | 8,533.84 | 0.00 | -- |
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2026-08-25 13:13:06 Citi published a report stating that after a management meeting with BRILLIANCE CHI (01114.HK) yesterday (24 Aug), it downgraded the company's rating from the previous "Buy/High Risk" to "Neutral/High Risk". Considerations include (1) low sales visibility for the Neue Klasse iX3, as delayed deliveries alongside final pricing arrangements (expected in Nov 2026) may allow competitors to capture orders during a two-month gap period; (2) the currently high proportion of internal combustion engine vehicle sales (more than 90%), which will expose BMW Brilliance to sales pressure in 2H26 to 2027; (3) an interim dividend deemed reasonable at HKD0.5 per share; and (4) despite expected declines in annual sales for this year and next year, the broker expects BMW Brilliance's net profit margin to remain resilient, benefiting from ongoing cost reductions and a rising export contribution, which will support future dividend payouts. The broker believes the stock's current risk-reward profile is Neutral, and slightly lowered its TP from HKD2.7 to HKD2.55. (da/a)~ AASTOCKS Financial News Website: www.aastocks.com This article was automatically translated by AI, the Chinese version should be considered the authoritative version. AASTOCKS.com Limited does not guarantee its accuracy or completeness and accepts no liability for any damages or losses arising from the use of this translation. | |