Brillance China Auto (CBA) Message Board

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Strategies & Market Trends : Brillance China Auto (CBA)

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To: jianwei who wrote (3)	6/25/1997 5:20:00 PM
From: JOHN JIANG	of 19

CBA is the only hot one in all of Chinese stocks at NY. So, the reason for CBA's abnormal move is not clear. Same thing happened for TIR when it moved from $3 to $14 in just two months last year. GMC is the partner of Jinbei and may possiblly account for some reason behind At USA since this thing was not observed in Shanghai Stock Exchange. Today's Times (the magazine)reported some news about JinBei and its CEO. It mentioned that JinBei was not glad towards Toyota because Toyota only provides half necessary parts for Jinbei to produce minivans ot minibuses. That means Jinbei wants double its production. In the last two years, CBA rallied twice based on rumors about GMC's merger or joint vinture. I always believe that CBA is the best merger partner for foreign auto makers in Chinese minivan market. The reason is that Jinbei produced best domestic minivan in China and knows the market perfectly. Hinan province is supposed to produce minivans in 1999 acording to Sino-Germany joint vinture. However, so far, no new about the progress in this Hinan minivan company (we know, this new company has to be bult from a foundmentally zero compared to a mature Jinbei). We also know the reason that Chinese government gave the favor to Germany was that USA gave a visa to Taiwan's presedent Lee. The volume was 1.2 million shares in a single day in CBA's early 1996 rally when CBA jumped from 6 3/4 to 8. However, this time, the biggest single day volume is only 200-300 K, which means much fewer people want to give up their shares and an 1 1/2 point gain can be easily achieved by 100K shares trading. Why? IMHO, some real news behind and some people know that and know what the price should be. I am holding long with some short to keep me safe. Good luck to all. JJ

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