No Data
HSBC research downgraded the target price of Autohome (02518.HK) to 66.3 yuan to alleviate the impact of the cloudy outlook on shareholders' returns.
HSBC Research released a report stating that the future of Autohome (02518.HK) is uncertain, but some unfavorable factors have been buffered by shareholders, lowering its target price from 68.25 yuan to 66.3 yuan, and maintaining a "buy" rating. The bank pointed out that among the internet stocks it covers, Autohome is expected to have a dividend yield of 6% this year, ranking fourth, and its net cash is equivalent to 96% of its market cap. After distributing the interim dividend, it is estimated that it still holds $3.2 billion in cash. Excluding cash, this year's forecast PE ratio is 0.5 times, and the compound annual growth rate of adjusted operating surplus from 2021 to 2026 is 9%. Its valuation is not high. The bank stated that internal combustion in the mainland
US stocks closed with the Dow falling more than 1% ending a six-day consecutive rise, while the Russell 2000 fell nearly 2%; Taiwan Semiconductor narrowly rose, and Nvidia rose nearly 3%.
Nasdaq and S&P fell more than 1% in intraday trading, and the Dow fell 1.3%, halting its six-day winning streak without reaching a new high. Russell small-cap stocks, which had been overbought to their highest level since 2017, have fallen for two consecutive days.
Express News | Autohome (02518.HK): will release the second quarter and interim results of 2024 on July 31.
Autohome Inc. to Announce Second Quarter and Interim 2024 Financial Results on July 31, 2024
Autohome Inc. (NYSE: ATHM; HKEX: 2518) ("Autohome" or the "Company"), the leading online destination for automobile consumers in China, today...
Express News | Autohome : Jefferies Cuts Target Price to $33.1 From $34
Late night surge! The renminbi and A50 rose, and China concept stocks rose across the board, while gold and silver soared.
Tonight, the U.S. June CPI data was released, showing that inflation in the United States has cooled across the board.