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2024-12-18 09:25:25 BRILLIANCE CHI (01114.HK) announced a long-awaited long-term dividend policy, after several rounds of special dividends in recent years, which is believed to have a positive impact on its share price, Morgan Stanley released a research report saying. Therefore, Morgan Stanley kept rating at Overweight on the Company, with a target price of $5.5. Morgan Stanley estimated BRILLIANCE CHI's 2024 profit after tax to be RMB5.3 billion. Based on the closing price of $3.5 as of 17 December, the Company's 2024 dividend yield is expected to be more than 16%. On the other hand, BRILLIANCE CHI confirmed that its long-term dividend policy does not imply that it will not distribute any more special dividends, and believed that the actual dividend payment will depend on the operational needs and demands of its parent company, as well as the profitability of BMW Brilliance. ~ AAStocks Financial News Web Site: www.aastocks.com | |