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....
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Autohome: Focus On Vehicle Subsidies And Dividend Outlook (Rating Upgrade)