Core Viewpoint - Brilliance China (01114) shares rose over 4% despite the company issuing a profit warning, which was still slightly better than the market's lowered expectations [1] Financial Performance - Brilliance China expects a 60% decrease in profit after tax for the fiscal year ending December 31, 2024, compared to the fiscal year ending December 31, 2023 [1] - The anticipated net profit for last year is approximately 3.1 billion RMB, which translates to an expected net profit of around 1.6 billion RMB for the second half of 2024 [1] Market Reaction - As of the report, Brilliance China's stock price increased by 4.06%, reaching 2.82 HKD, with a trading volume of 81.098 million HKD [1] Analyst Insights - Morgan Stanley noted that the profit warning from Brilliance China was still slightly better than the market's adjusted expectations [1] - The decline in profit is primarily attributed to the poor performance of the joint venture, Brilliance BMW, and a withholding tax of approximately 1.474 billion RMB on dividends paid by subsidiaries [1] Dividend Expectations - Based on implied profits and the company's dividend guidance, Morgan Stanley maintains its expectation for a regular dividend payout of 30 to 50 HKD cents per share for the fiscal year 2024 [1]
港股异动 | 华晨中国(01114)涨超4% 大摩指公司发盈警仍略好于市场已调低的预期