BEIJING, Dec. 4 (InfoChina) – UOB Kay Hian has upgraded the rating of Brilliance China Automotive Holdings Ltd. (NYSE: CBA) from “sell” to “buy”, believing that the company will get out of the operational difficulty in 2007.
UOB Kay Hian predicted that Brilliance Auto will turn loss into profit in the second half of this year or the first half of next year, considering its export to Europe starting from next year, the success of Junjie car this year, pending launching of new cars in 2007 and the rising profits generated by its joint-venture company with BMW.
UOB Kay Hian set the target H-share price of Brilliance Auto at 2.00 Hong Kong dollars per share with the price-earning ratio for the fiscal year of 2008 expected at 15.5. (Edited by Sun Huanjie,
)
China Stock News 
