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

Blackstation/DigitalVision via Getty ImagesElevator Pitch I rate Autohome Inc. (NYSE:ATHM) [2518:HK] stock as a Buy. My prior October 12, 2023 write-up was focused on ATHM's mixed financial prospects. This update touches on ATHM's recent quarterly financial performance, the latest policy development for China's automotive market, and the company's dividend guidance. Autohome is guiding for a +50% increase in dividend distributions for full-year 2024. Separately, the company's 2024 financial performance  ...