According to Citigroup's research report, Brilliance China Automotive Holdings Limited (01114.HK) announced a special dividend of HKD 4.3 per share on June 14, with ex-dividend date of July 3. After ex-dividend, the company's target price was raised from HKD 4.85 to HKD 5.64, representing a historical average P/E ratio of 5 times the company's EPS for fiscal year 2024. Citigroup maintains its "buy" rating on Brilliance China Automotive Holdings Limited. (VC/U)
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