BUZZ-Brilliance China Automotive drops most in 10 months on weak earnings outlook
Reuters03-16 14:53
BUZZ-<a href="https://laohu8.com/S/BCAUF">Brilliance China Automotive</a> drops most in 10 months on weak earnings outlook
** Shares of Brilliance China Automotive Holdings 1114.HK drop as much as 16.8% to HK$2.83, their lowest level since May 12, 2025
** Stock set for the biggest one-day pct decline since September 4
** The Chinese auto maker expects its 2025 net profit to decrease not more that 50% y/y due to weak performance of its associate BMW Brilliance Automotive and operating loss incurred by its subsidiary Jinbei (Shenyang) Automotive
** Citi maintains "buy" rating but lowers target price to HK$3.90 from HK$4.80 to factor in worse-than-expected FY25 earnings performance
** YTD, Hong Kong stock down 24.2%, while benchmark Hang Seng Index .HSI up 0.8%
(Reporting by Donny Kwok)
((donny.kwok@thomsonreuters.com))
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