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Autohome Downgraded at Benchmark Ahead of 'Moderately Muted' Q2 Report
Autohome Cut to Hold From Buy by Benchmark
Express News | Autohome : Benchmark Cuts to Hold Rating
Benchmark Co. Downgrades Autohome(ATHM.US) to Hold Rating
Autohome's (NYSE:ATHM) Returns On Capital Not Reflecting Well On The Business
Autohome (02518) fell by 4.71%. Zhongjin expects its traditional and used car business to be under pressure.
Autohome's (02518) stock price has fallen, as of the time of this report, it is reported at HKD 49.55, down 4.71%, with a transaction amount of 0.3053 million Hong Kong dollars. CICC stated that it is expected that Autohome's Q2 2024 revenue will increase year-on-year by 1.1% to CNY 1.853 billion, slightly lower than the bank’s previous expectations, mainly due to a greater-than-expected decline in media advertising business. It is expected that the non-general accounting standards attributable net income will be CNY 0.538 billion, which is lower than the bank’s expectations, mainly due to lower-than-expected revenue. The bank believes that the advertising budget for host factory vertical media may continue to tighten, and the company's advertising business bottoming out may be slower than expected; the bank predicts
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