ATHM: Coping With Weak Auto Market; Marketing Spending Up; Expect 3Q19 Revenue To Be In Line
ATHM will report 3Q19 results on November 5th before the markets open with a 7am EST conference call. It is not an easy environment in 2H2019, as the auto market in China has continued its downward trend, worse than expected. As one of the leading online lead generation platforms for auto sales, ATHM is coping with the weak market and it spent additional marketing dollars to help dealers as well as OEMs to get rid of inventories and to promote the sales of new cars.
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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