Zhongtong Finance APP learned that Citigroup released a research report stating that it reiterates a "buy" rating for brilliance chi (01114), believing that even with the factors of BMW's profit decline over the years, its risk-return ratio remains attractive, with the target price raised from HK$4.42 to HK$5.

The bank stated that after a conversation with brilliance chi's management, they believe brilliance chi is likely to consider establishing a consistent dividend policy. If implemented, the bank expects the company's dividend payout ratio to be up to approximately 50%. Considering the company's strong cash surplus, the bank estimates a dividend of approximately RMB 3 billion in the next year, equivalent to 65 Hong Kong cents per share. Additionally, the company is expected to earn diluted earnings of 67.2 fen per share next year, based on a forecasted 6 times pe for next year, equivalent to approximately HK$4.35 per share.