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<Research>Citi Keeps Buy on BRILLIANCE CHI, Expects Improved Sales & Profit Margins for Brilliance BMW This Yr
Recommend 20 Positive 29 Negative 7 |
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Citi has issued a research report predicting that Brilliance BMW's sales and profit margins will recover in 2025. BRILLIANCE CHI (01114.HK) management revealed that Brilliance BMW experienced one-month production disruption in 3Q24, which hurt capacity utilization and dragged down annual sales and profit margins. With cost control measures, sales and profit margins are expected to enhance YoY this year. Believing that Brilliance BMW's earnings may be more resilient than expected, Citi maintained a Buy rating on BRILLIANCE CHI. It also lowered its target price from $4.31 to $3.75. AAStocks Financial News |
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