[ET Net News Agency, 30 March 2020] Jefferies Research raised its target price for
Brilliance China Automotive (01114) to HK$7.1 from HK$5.7 and maintained its "hold"
rating, given the uncertainty.
Given the EU shutdown, the research house said the risks include component shortages to
BMW Brilliance Automotive (BBA) and, and special dividend payout from the BBA stake
transfer.
Jefferies forecast FY2020 earnings to decline 32% before a 58% rebound in FY2021. (KL)