T.H. Capital - Autohome Inc. Sponsored ADR Class A (ATHM) ATHM: Better Lead Generation Platform Is Highly Demanded When Auto Market Is Weaker, And Likely To Lead To Better 1Q19

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T.H. Capital

Tian Hou

EUR 229.48 For Business Accounts Only

ATHM: Better Lead Generation Platform Is Highly Demanded When Auto Market Is Weaker, And Likely To Lead To Better 1Q19

ATHM will report 1Q19 results on May 8th before the markets open with an 8am EST conference call. Based on our data and calculations, we believe Autohome’s 1Q19 revenue is likely to be better than consensus at RMB1,580M and our estimate at RMB1,571M. China’s auto market in 1Q19 was indeed weak with ~15 Y/Y decline in auto sales. However, under this kind of weak market, the demand for leads is high, and Autohome benefits from such demand with its big data and data driven lead operation.

06/05/2019 1 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: Better Lead Generation Platform Is Highly Demanded When Auto Market Is Weaker, And Likely To Lead To Better 1Q19

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

BZ: Positive On 1Q24 Performance, Supported By Listings Growth In Service, Commodity Manufacturing & Other Sectors

PDD: Positive On 1Q24 Performance Driven By Rapid Growth From Temu

BIDU: Positive On Long-Term Outlook; Monetization In AI To Drive Future Growth

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