T.H. Capital - Autohome Inc. Sponsored ADR Class A (ATHM) ATHM: Positive On 3Q22 Performance Amid An Improving Auto Industry In China

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T.H. Capital

Tian Hou

EUR 232.10 For Business Accounts Only

ATHM: Positive On 3Q22 Performance Amid An Improving Auto Industry In China

We are positive on ATHM’s 3Q22 performance. The auto market in China is steadily showing improvement, as the launch of new vehicle brands increased 10.8% Y/Y in September, recovering from 2Q22. Under the various stimulus policies and improving COVID situation, China’s auto production reached 37.5% Y/Y in September 2022, up from 1.9% Y/Y in 2Q22.

14/10/2022 5 EN

Underlying

Autohome Inc. Sponsored ADR Class A

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US05278C1071 New York Stock Exchange United States

Provider

T.H. Capital

T.H. Capital is an independent research and investment advisory firm specializing in China. We offers real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects; from China ADRs to international names that have meaningful exposure to China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.

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Analysts

Tian Hou

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ATHM: Positive On 3Q22 Performance Amid An Improving Auto Industry In China

ATHM: Positive On 1Q24 Performance Due To Improvement In The Auto Market, Mainly Driven By EV Car Sales; The Adoption of Trade-In Policy Is Likely to Further Boost Sales

ATHM: Higher EV Car Sales Positive For ATHM’s 4Q23 Performance Along With Improving Auto Industry

ATHM: Neutral On 3Q23 Performance On Muted Auto Industry Data

ATHM: Positive On 1Q24 Performance Due To Improvement In The Auto Market, Mainly Driven By EV Car Sales; The Adoption of Trade-In Policy Is Likely to Further Boost Sales

BABA: Positive On Longer-Term Outlook As China’s Economy Is Showing Signs of Bottoming; Negatives Are In The Stock Price

JD: China’s Economy May Have Bottomed As The Property Market Is Starting To Show Signs Of Stabilization; JD To Benefit From the Resumption In Growth Of China’s Economy

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