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ATHM - Autohome: Focus On Vehicle Subsidies And Dividend Outlook (Rating Upgrade)
Autohome Inc. American Depositary Shares each representing one class A.
2024-05-13 00:41:54 ET
Summary
The recently announced vehicle subsidies for China's automotive market will most likely boost Autohome's future financial performance.
ATHM has committed to distributing RMB1.5 billion in annual dividends for the next three years.
I have decided to raise my rating for ATHM to a Buy, considering the company's dividend outlook and the Chinese automotive industry's latest policy development.
Elevator Pitch
I rate Autohome Inc. ( ATHM ) [2518:HK] stock as a Buy. My prior October 12, 2023 write-up was focused on ATHM's mixed financial prospects....