Morgan Stanley released a report stating that Brilliance Chi(02333.HK)'s performance in the first half of the year met expectations. Since the group had previously disclosed preliminary performance data, there was no big surprise. Despite the fierce competition in the current market and the industry's continued downgrading, the company remains optimistic about the continuous adjustment of its sales mix towards high-end products and the ongoing growth in exports.

Morgan Stanley stated that brillance chi's current valuation is quite reasonable. They downgraded its rating from 'shareholding' to 'neutral' and decreased the target price from 18 yuan to 12 yuan. It is expected that the stock price will continue to expand. Among the auto manufacturers (OEM), the preferred stocks are BYD Company Limited(01211.HK) and Brilliance Chi(01114.HK).