另预期公司明年每股摊薄盈利67.2分人民币，以预测明年6倍市盈率计，相当于约每股4.35港元。该行认为，即使华晨在计入宝马盈利多年下滑的因素，其风险回报仍具吸引力，重申对其“买入”评级，目标价由4.42港元上调至5港元。Brilliance Chi (01114) rose by over 8%, as of the time of publication, it increased by 7.89%, to 3 Hong Kong dollars, with a turnover of 0.192 billion Hong Kong dollars.
According to the Securities Times app, Brilliance Chi (01114) rose by over 8%, as of the time of publication, it increased by 7.89%, to 3 Hong Kong dollars, with a turnover of 0.192 billion Hong Kong dollars.
On the news front, Citibank issued research reports stating that after a conversation with the management of Brilliance Chi, the bank believes Brilliance Chi is likely to consider formulating a regular dividend policy. If implemented, the bank expects the company's dividend payout ratio to be as high as about 50%. Considering the company's strong cash balance, the bank expects it to pay dividends of approximately 3 billion RMB in the next year, equivalent to 65 Hong Kong cents per share.
It is expected that the company will have diluted earnings per share of 67.2 fen RMB next year. Based on a forecasted 6 times P/E ratio for next year, this is equivalent to approximately 4.35 Hong Kong dollars per share. The bank believes that despite considering the long-term decline in BMW's profitability, the risk-return of Brilliance Chi remains attractive, reiterating a 'buy' rating with a target price raised from 4.42 Hong Kong dollars to 5 Hong Kong dollars.
