HK Stock Market Move | Brilliance China Automotive Holdings (01114) rises over 5% again. Citigroup predicts that the company will have multiple new sources of growth next year.

Huachen China (01114) rose more than 5% again, as of the time of writing, up by 4.87%, at 4.31 Hong Kong dollars, with a turnover of 185 million Hong Kong dollars. The latest research report from Citigroup shows that Huachen China will have three new growth drivers next year. It is expected that the high-profit export sales of its "Golden Cup" brand will increase, domestic market share is expected to improve, the use of industrial robots can reduce production costs and improve manufacturing efficiency, and profit prospects are expected to improve. Export sales of Huachen BMW are expected to increase, creating room for profit growth. Additionally, increasing the localization level of automotive components by Huachen BMW is believed to help stabilize profit margins. Citigroup has raised the target price of Huachen China from 3.75 Hong Kong dollars to 4.8 Hong Kong dollars, reiterated a "buy" rating. Currently, it is predicted that Huachen BMW's retail sales in November this year will increase by 4% to 46,000 units, overall inventory may remain at a healthy level by the end of the year, and entering the first quarter of next year, it is expected that the policy visibility provided by the halving of the new energy vehicle purchase tax could boost sales of Huachen BMW.