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[DonKaepsele]

zu finden unter

http://biz.yahoo.com/n/c/cba.html.

Gruß Don Kaepsele

[DonKaepsele]

Thailand- Hong Kong- China-



May 16, 2:09


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Brilliance (1114) Strong Growth Aided By Subsidy
Apr 26, 2001 - 12:42:04 HKT
QuamResearch
The PRC`s car industry appeared robust and substantial last year with sales of sedans, trucks, and minibuses reporting remarkable growth. Sedan maker Denway Motors (HKSE:0203) saw its nte profit leap 10 times while truck maker Qingling Motors (HKSE:1122) reported a moderate 13.5% growth. Now, it`s the time of minibus maker Brilliance China Automotive (HKSE:1114). For the year ending 31 December, 2000, Brilliance`s turnover surged 44.9% to RMB6.3 billion from RMB4.35 billion while the bottom line also went up 48.5% to RMB959 million from RMB645 million. A final dividend of 0.5 fen was declared.

Financial Highlights For the Year Ending 31 December

RMB `000
2000
1999
Change (%)

Turnover
6,306
4,351
44.9

Gross Profit
1,870
1,485
25.9

Other Revenue
191
87
120.2

Administrative Expenses
211
233
(9.6)

Selling and Distribution Costs
365
273
33.8

Other Operating Expenses
20
77
(74.1)

Operating Profit
1,465
989
48.2

Net Finance Income/(loss)
10
(26)
--

Share of Results of Associates
74
45
63.9

Profit Before Taxation
1,549
1,008
53.6

Net Profit
959
645
48.5

EPS (RMB cents)
30.4
23.9
27.1

DPS (RMB cents) -- Interim
0.3
--
--

DPS (RMB cents) -- Final
0.5
--
--


Economic Growth Buoys Demand for Minibuses

The PRC`s strong economic growth, coupled with favorable government policies and the development of expressway networks stimulated significant demand for minibuses. People buy minibuses for personal use as well as for transportation services between major cities. One may even see privately run bus services between major cities in southern China. The strong demand was also reflected in the sales of Shenyang Automotive, a subsidiary of Brilliance, which sold a total of 60,018 minibuses in 2000, up 42.2% from 1999.

Focus Shift to Mid-Priced Minibus

As competition in the low-end minibus segment had been keen, Brilliance stopped the production and sale of its lower end Standard Minibus at the end of 1999 and shifted its focus to mid-priced and deluxe minibuses. This strategy looked fruitful as sales of mid-priced and deluxe minibuses recorded growth of 48.7% and 37.3% respectively.

A Subsidy Boosts Operating Profit

During the period, Xing Yuan Dong, a subsidiary of Brilliance, was granted a subsidy of RMB181.6 million by the Administrative Committee of Shenyang New and High-Tech Industrial Department Zone. This alone accounted for half of the improvement. Stripping out the subsidy, Brilliance`s operating profit amounted to RMB1.28 billion, up 30% from 1999`s RMB988.6 million. However, there will be no such subsidy this year and Brillance`s results will somewhat be negatively affected.

Development of New Markets

Though Brillance`s largest market remains in the eastern coastal provinces, the growth rate in demand for minibuses in these markets may not be as fast as in the burgeoning western region. As a result, Brilliance has to expand its presence also in the western China to capitalize on the potential in the region. This could be the company`s main driver in the coming years.

Conclusion

At HK$2.075 per share and with 3.35 billion shares outstanding, Brilliance is capitalized at HK$6.95 billion giving a P/E of 7.7x. Without the help of a subsidy, Brilliance`s earnings in 2001 will be around RMB910 million giving a prospective of 8.2x. The PRC`s car industry is likely to grow at a moderate pace and there is a potential for Brilliance to pair up with foreign experts, like Denway, launching new car models to boost its bottom line.


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Quam(IA) Limited endeavour to ensure the accuracy and reliability of the information but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omission.

[DonKaepsele]

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CBA
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delayed 20 mins - disclaimer



Tuesday May 8, 9:45 am Eastern Time
Press Release
Continuing Increase of Sales Volume Recorded for Brilliance China Automotive Holdings Limited for First Quarter of Year 2001
HONG KONG--(BUSINESS WIRE)--May 8, 2001--The 51% owned subsidiary of Brilliance China Automotive (NYSE: CBA; SEHK: 1114), Shenyang JinBei Passenger Vehicle Manufacturing Company Ltd. (``Shenyang Automotive``), saw a continuing growth of sales volume in the first quarter of year 2001.

Shenyang Automotive sold a total of 15,711 minibuses in the first quarter of 2001, a 5.7% increase over the 14,865 minibuses sold during the same period in 2000. Shenyang Automotive sold 13,456 of its Mid-priced Minibuses in the first quarter of 2001, an increase of 3.0% over the13,070 units sold during the same period in 2000. Unit sales of the Deluxe Minibus increased 25.6% from 1,795 in the first quarter of 2000 to 2,255 units for the same period in 2001.

Shenyang Automotive, the most competitive minibus manufacturer in China, maintains the leading position in China`s minibus market, with a market share of 27.4% at the end of March 2001, according to China Automotive Industry Newsletter.


--------------------------------------------------------------------------------
Contact:

Brilliance China Automotive Holdings Limited
Xiaoan Wu, 852/2523 7227
or
Weber Shandwick Worldwide, New York
Peter Poulos, 1 646 658 8122
or
Weber Shandwick Worldwide, Hong Kong
Mike Wong, 852/2533 9922


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Thailand- Hong Kong- China-



May 16, 2:17


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Brilliance China Unit Posts 5.7% Growth in Q1 Minibus Sales
May 08, 2001 - 17:35:48 HKT
Quamnet News Service
Brilliance China Automotive Holdings Ltd. (1114), China`s largest minibus maker, said its 51 percent-held Shenyang JinBei Passenger Vehicle Manufacturing Co. sold a total of 15,711 minibuses in the first quarter, up 5.7 percent from a year earlier.

Of the minibuses sold, 14,865 were mid-priced models, up 3 percent from a year earlier, while unit sales of deluxe models surged 25.6 percent to 2,255 units.

The company also cited the China Automotive Industry Newsletter as saying Shenyang JinBei captured a 27.4 percent share in China`s minibus market as of end-March.


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Copyright 2000 Quam(IA) Limited, All rights reserved
Quam(IA) Limited endeavour to ensure the accuracy and reliability of the information but do not guarantee its accuracy or reliability and accept no liability (whether in tort or contract or otherwise) for any loss or damage arising from any inaccuracies or omission.

[Tisc]

Kuckuck! Es tut sich was. Habe heute mit München telefoniert.

[hammerjupp]

Ja.... und... ??

[Tisc]

Was ja und? Habe heute mit BMW-IR-Abteilung (Hr. Sahlheim) telefoniert. man steckt noch in den Verhandlungen mit CBA. Es sind bereits Ingenieure in China um CBA mit ihrem KnowHow zu unterstützen. Kannst Dir selbst ein Bild machen: 089 38224272. Als nächstes sieh Dir bitte die Umsätze der letzten Woche an.

[roger11]

[hammerjupp]

@ Tisc,

danke für die Info.

[hammerjupp]

Noch etwas:

Wie schätzt Du das Potenzial der Aktie ein? Das 52-Woche-Hoch lag knapp über 50 Cent. Wie weit kann die Aktie laufen, mit den guten Zahlen und der BMW-Partnerschaft im Rücken?
(ziemlich dämliche Frage, ich weiß, würde mich dennoch interessieren, was Du meinst. Ich überlege, ob ich noch mal gehörig nachlegen soll...)

Danke und tschüss

hammerjupp

[Tisc]

Also ich bin kein Charttechniker oder Fundamentalist. Wenn ich etwas lese, mache ich mir meine Gedanken und versuche die möglichen Chancen gg. Risiken abzuwägen. Lt. einem Infobrief, aus dem ich CBA habe, sehen diese bei einem Kurs von 0,30 €, bei einer Kooperation mit BMW, eine bis zu 200%-ige Chance. Naja, die Hälfte wäre ja auch schon mal nicht schlecht, oder.

[hammerjupp]

Danke!

[Watcher42]

@Tisc

Wie kommst du auf 200% ?

Vermutlich doch sicherlich aus einem Schweizer Infobrief. Wenn ja, wie sind deine Erfahrungen mit dem Infobrief ?

mfg


P.S. Ich glaube jedenfalls an eine echte Chance zumindestens 1-200 % in den nächsten 2 Jahren zu machen.

[Tisc]

Ja richtig. Bis jetzt habe ich ganz gute Erfahrungen gemacht. Ist allerdings nichts für die "schnelle Mark". 3-6 Monate sollte man Geduld aufbringen. Die Analysen klingen schlüssig, es sind aber meistens sehr spekulative Titel. Und billig ist er auch nicht, also man sollte schon danach handeln oder ihn abbestellen. Es werden pro Ausgabe (erscheint monatlich) 3-4 Titel vorgestellt, ein Musterdepot gibt es nicht. Empfohlene Titel werden nicht weiterverfolgt. Die Entscheidung zum Verkauf muß jeder für sich selbst treffen.

[trendwatcher]

@all

Weiß jemand, warum die Kursnotiz ausgesetzt wurde (bzw. war)?

Bekam Post von der Bank:
(Nach-)Kaufauftrag gelöscht,
"da die Kursnotiz ausgesetzt wurde."

Finde (bisher ...) keine News ...
Auftragslöschung trägt Datum vom 25.5.2001 (war in Urlaub).

Danke

trendwatcher