Brilliance China Automotive's Profit May Slip Next Year -- Market Talk

Dow Jones12-19

0757 GMT - Brilliance China Automotive recently raised its dividend payout ratio target, but BMW-Brilliance's profit is expected to slip next year, Daiwa analysts write in a note. The Chinese automaker said the company's board revised and adopted a new dividend policy targeting to distribute no less than 50% of net profit, which would be quite positive for shareholders, they say. However, the company has faced challenges so far this year from subdued consumption sentiment for luxury cars in China as well as intense competition from domestic luxury EV brands, Daiwa says. The brokerage expects the company to record a 15% on-year decline in sales volume and an average of 3% on-year drop in selling prices in 2024. They reiterated its buy rating for the stock, which last closed at HK$3.68. (jiahui.huang@wsj.com; @ivy_jiahuihuang)

(END) Dow Jones Newswires

December 19, 2024 02:57 ET (07:57 GMT)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap

Leave a comment

{"i18n":{"language":"en_US"},"isChannel":false,"data":{"share":"https://ttm.financial/m/news/2492014831?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2024-12-19 15:57","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2492014831","market":"sh","top_or_hot":-1,"title":"Brilliance China Automotive's Profit May Slip Next Year -- Market Talk","media":"Dow Jones","content":"<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0757 GMT - Brilliance China Automotive recently raised its dividend payout ratio target, but BMW-Brilliance's profit is expected to slip next year, Daiwa analysts write in a note. The Chinese automaker said the company's board revised and adopted a new dividend policy targeting to distribute no less than 50% of net profit, which would be quite positive for shareholders, they say. However, the company has faced challenges so far this year from subdued consumption sentiment for luxury cars in China as well as intense competition from domestic luxury EV brands, Daiwa says. The brokerage expects the company to record a 15% on-year decline in sales volume and an average of 3% on-year drop in selling prices in 2024. They reiterated its buy rating for the stock, which last closed at HK$3.68. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  December 19, 2024 02:57 ET (07:57 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Brilliance China Automotive's Profit May Slip Next Year -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nBrilliance China Automotive's Profit May Slip Next Year -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n2024-12-19 15:57 GMT+8&nbsp;&nbsp;&nbsp;<a href=https://dowjonesnews.com/newdjn/logon.aspx?AL=N><strong>Dow Jones</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>0757 GMT - Brilliance China Automotive recently raised its dividend payout ratio target, but BMW-Brilliance's profit is expected to slip next year, Daiwa analysts write in a note. The Chinese ...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0543330566.HKD","symbol_name":"TEMPLETON BRIC \"A\" (HKD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2492014831","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2492014831","pubTimestamp":1734595020,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0757 GMT - Brilliance China Automotive recently raised its dividend payout ratio target, but BMW-Brilliance's profit is expected to slip next year, Daiwa analysts write in a note. The Chinese automaker said the company's board revised and adopted a new dividend policy targeting to distribute no less than 50% of net profit, which would be quite positive for shareholders, they say. However, the company has faced challenges so far this year from subdued consumption sentiment for luxury cars in China as well as intense competition from domestic luxury EV brands, Daiwa says. The brokerage expects the company to record a 15% on-year decline in sales volume and an average of 3% on-year drop in selling prices in 2024. They reiterated its buy rating for the stock, which last closed at HK$3.68. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0543330566.HKD":"TEMPLETON BRIC \"A\" (HKD) ACC","BK1539":"汽车股","LU0572939691.SGD":"Janus Henderson Horizon Asian Dividend Income A2 SGD","LU0264606111.USD":"Janus Henderson Horizon Asian Dividend Income A2 USD","BK1119":"汽车制造商","LU0229945570.USD":"TEMPLETON BRIC \"A\" (USD) ACC","LU0572940350.SGD":"Janus Henderson Horizon Asian Dividend Income A3 SGD","01114":"华晨中国"},"translate_title":"华晨中国汽车明年利润可能下滑——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"01114":0.9},"content_text":"0757 GMT - Brilliance China Automotive recently raised its dividend payout ratio target, but BMW-Brilliance's profit is expected to slip next year, Daiwa analysts write in a note. The Chinese automaker said the company's board revised and adopted a new dividend policy targeting to distribute no less than 50% of net profit, which would be quite positive for shareholders, they say. However, the company has faced challenges so far this year from subdued consumption sentiment for luxury cars in China as well as intense competition from domestic luxury EV brands, Daiwa says. The brokerage expects the company to record a 15% on-year decline in sales volume and an average of 3% on-year drop in selling prices in 2024. They reiterated its buy rating for the stock, which last closed at HK$3.68. (jiahui.huang@wsj.com; @ivy_jiahuihuang) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  December 19, 2024 02:57 ET (07:57 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"-1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0},"commentList":[],"isCommentEnd":true,"newsSizeData":{"likeSize":0,"commentSize":0,"repostSize":0,"favoriteSize":0,"likeStatus":false,"favoriteStatus":false},"APP":{"userAgent":"Mozilla/5.0 AppleWebKit/537.36 (KHTML, like Gecko; compatible; ClaudeBot/1.0; +claudebot@anthropic.com)","isDev":false,"isTTM":true,"deviceId":"web-server-community-laohu8-v3","version":"4.29.3","shortVersion":"4.29.3","platform":"web","vendor":"web","appName":"ttm","isIOS":false,"isAndroid":false,"isTiger":false,"isTHS":false,"isWeiXin":false,"isWeiXinMini":false,"isWeiBo":false,"isQQ":false,"isBaiduSwan":false,"isBaiduBox":false,"isDingTalk":false,"isToutiao":false,"isOnePlus":false,"isHuaWei":false,"isXiaomi":false,"isXiaomiWebView":false,"isOppo":false,"isVivo":false,"isSamsung":false,"isMobile":false},"href":"/m/news/2492014831"}