China Specialist, Auto and Industrial Specialist

Victoria Li

20 years experience as sell side analyst focusing on China's Industrial and Auto sectors

Equity Bottom-Up

Brilliance China Automotive / Equity Bottom-Up

<p>We believe it's a perfect time to revisit Brilliance China (1114. HK) with its BMW JV's new X1 finally getting accepted by the market and more powerful new models launching in 2017-19. Also, getting Renault as a partner on its loss-making light-duty truck business, by selling 49% stake in this business, would reduce the loss in the short term and make its truck business become profitable in the long term.</p>

We believe it's a perfect time to revisit Brilliance China (1114. HK) with its BMW JV's new X1 finally getting accepted by the market and more powerful new models launching in 2017-19. Also, getting Renault as a partner on its loss-making light-duty truck business, by selling 49% stake in this business, would reduce the loss in the short term and make its truck business become profitable in the long term.

Brilliance China (1114.HK) - Drive into an Upcycle