Autohome führende Autoverkaufsseite in China

Autohome Inc. (NYSE: ATHM) closed for USD 30.07 on the first day of its trading, 76.88% higher than IPO price of USD 17. On December 11, 2013, Autohome get listed on the New York Stock Exchange, opening for USD 30.16, 77.4% higher than IPO price. Calculating by opening price and its share capital, market cap of Autohome reached USD 3.17 billion.
quotes.freerealtime.com/dl/frt/N?NewsStory=1
Autohome claims to be "the leading online destination for automobile customers in China" through their two websites, autohome.com.cn and che168.com.  

....let's look more closely at Autohome, whose IPO reflects the broader bumpy road for Chinese new listings in New York this year. The company had to initially scale back its fund-raising plans after getting a tepid reception for its offering, but then demand suddenly heated up and it boosted its target. In the end it raised $133 million, beating its original target of $120 million (see article).

The company ultimately sold its American Depositary Shares (ADSs) for $17 each, well above their original range. The shares soared as much as 85 percent on their trading debut in New York, and ended up a comfortable 77 percent. Its first-day trading volume reached 9.5 million ADSs, meaning most or all of the 7.8 million ADSs it sold in the offering changed hands on the first trading day.

This kind of high volume has been typical for the other 4 Chinese tech firms to list in the last 2 months, and reflects a high degree of speculation in the market. I've previously said that I expect prices for many of these newly listed companies to slowly come down in the next 6 months following strong debuts, as speculators leave the market to pursue other targets. As that happens, look for sentiment towards new Chinese IPOs to cool considerably in the second half of next year.....

seekingalpha.com/article/...ebut-cloudary-lines-up?source=feed

www.finanznachrichten.de/...le-on-xetra-16-12-2013-002-029.htm

China’s latest IPO, Autohome Inc. (ATHM), may be a sign of things to come. And that sign? Investor appetite is ripe for new Chinese equities and they are willing to ring up the price tag 76% in a single trading day to show their interest......

Autohome claims to be China’s biggest online automobile information platform with more than 80 million users. The company took has a half of the market share as of September. Not bad for them, considering China is the world’s largest car market with an estimated 16 million vehicles expected to be sold this year, according to industry estimates.

Four other Chinese companies — 500.com, Montage Technology Group, Sungy Mobilet and Qunar all went public in the U.S. this year and have had big runs on their first day of trading.  China Commercial Credit dipped on its first day of trading but is now up more than 35.6% since launching on Aug. 14.  The online sports lottery service 500.com is up 24.86% since its debut on Nov. 25; semiconductor solutions firm Montage is up 28.59% after debuting Sept. 27; mobile app player Sungy is up 18.43% since its launch two weeks ago and Qunar is a bit off, down a little over 1% since launching Dec. 5.

It’s not been a 100% joy ride for China IPOs, however. Online retailer LightInThe Box is down 42.2% since it launched on June 7.....
www.forbes.com/sites/kenrapoza/2013/12/11/...f-things-to-come/

Berlin und Stuttgart mit Kursanzeige  

Autohome is a leading Chinese site for auto shoppers, generating advertising revenue from automakers and service providers. Autohome soared 77% in its Dec. 11 IPO debut from its offering price. Shares have consolidated since their opening day.

But while Autohome is new to U.S. investors, it has a three-year earnings growth rate of 76%. Earnings rose 89% in its latest quarter as revenue advanced 67%.

Read More At Investor's Business Daily: news.investors.com/technology/...rnet-stocks.htm#ixzz2orPOCCH7

news.investors.com/...3-684231-dow-leads-market-higher.htm?ven

Forbes China, the licensed Chinese-language edition of Forbes China, is out today with its latest ranking of mainland China’s best small businesses.  The report is based on Forbes Asia’s “Best Under A Billion” ranking, and includes separate tallies for the country’s 100 top listed and unlisted small companies.

...Two U.S.-listed companies made the ranking of the best 100 listed companies: Autohome, an online automobile information provider,  and Noah, a fund management company. ...

www.forbes.com/sites/russellflannery/2014/...?partner=yahootix

...A Dec. 11 initial offering launched Autohome (ATHM), a provider of online automotive information for China's car buyers.

It screamed ahead 76% in its debut, then retreated to form a quick base.

It cleared that consolidation Dec. 26 and has been volatile, but held 85% above its initial offering price on Friday. Australian firm Telstra holds two-thirds of the company's voting rights.....

Read More At Investor's Business Daily: news.investors.com/...-issues-grab-big-gains.htm#ixzz2qUHblG00

....Autohome reported its first earnings yesterday – and thank goodness it beat consensus estimates. Fourth-quarter revenue came in at 386 million yuan, higher than the consensus estimate of 353 million yuan. Earnings per share was RMB 1.26 versus the street’s RMB 1.03. Autohome guided first-quarter revenue to RMB 318-332 million, 3% ahead of the street at the midpoint.

Piper Jaffray analysts Gene Munster and Douglas J. Clinton believe Autohome is in a sweet spot in China right now:    We continue to believe that Autohome controlled around 25% share of total automotive online media last year and we expect the company can expand their share of online auto media based on our belief that the company has about 50% share of time spent with automotive media online.

   The company noted an iResearch study that showed the auto industry in China currently allocates about 20% of total ad budgets to online vs about 40% in the US. We believe that historically the US has been a leading indicator of where China goes in terms of online advertising, thus we believe that Chinese online ad budgets have the potential to double.

However, Piper Jaffray maintains a Hold rating and $38 price target.

Deutsche Bank analysts Vivian Hao and Alan Hellawell III raised their price target by 12% to $38, raising both their estimates and multiples:....But they maintained a Hold rating too, “on valuation ground.” In other words, Autohome is not cheap. One quarterly earnings beat after an IPO is not enough to deserve another share jump. After all, a 77% debut pop is already a huge vote of confidence from investors.

blogs.barrons.com/emergingmarketsdaily/2014/02/25/autohome-first-­post-ipo-earnings-beat-analysts-maintain-hold/?

blogs.barrons.com/emergingmarketsdaily/...ysts-maintain-hold/?

BEIJING, February 25, SinoCast -- Autohome Inc. (NYSE: ATHM) revealed net operating revenue of CNY 386 million or USD 63.8 million in fourth quarter ended December 31, 2013, rising 74.1% from a year earlier. Net profit reached CNY 122.7 million or USD 20.3 million, jumping 183.2%. In the full year, net operating revenue hiked 66.1% to CNY 1.2165 billion or USD 200 million while net profit leaped 114.3% to CNY 456.2 million or USD 75.4 million.

www.4-traders.com/...Inc-ADR--Autohome-Q4-Net-Up-183-17996210/

+9,74%

Autohome (ATHM) reported earnings Feb. 24 that were 171% above the year-ago quarter. The earnings report produced a volatile day for the stock. It managed to break out of an IPO base, but continues to be volatile.The company runs Chinese websites that bring buyers and sellers of cars together and offer information on autos.

Read More At Investor's Business Daily: news.investors.com/...ks-return-to-new-highs.htm#ixzz2v1RwgUN7

blogs.barrons.com/emergingmarketsdaily/...tohome-on-valuation/

Autohome (ATHM) a Neutral rating with $36 price target.

BEIJING, May 7, SinoCast -- Autohome (NYSE: ATHM) revealed net operating revenue of USD 55 million in the first quarter, rising 67.3%. Net profit reached USD 19.6 million, hiking 62.5%. Basic and diluted earnings per ADS were CNY 1.16 or USD 0.19 and CNY 1.08 or USD 0.17.Earnings per ordinary share climbed to 1.08 yuan from 0.74 yuan.

Adjusted net income was 136.9 million yuan, while it totaled 83.0 million yuan last year.

Read more: www.nasdaq.com/article/...k-facts-20140506-00220#ixzz31b9uc85H

Autohome Inc (NYSE: ATHM) announced that it has been selected as the exclusive supplier for auto-related content for enhanced search results on PCs powered by “Aladdin,” the open platform operated by Baidu, Inc., (Nasdaq: BIDU) the leading Chinese language Internet search provider. The exclusive cooperation arrangement will cover a period of 12 months starting from July 1, 2014. Autohome was selected as the exclusive supplier through a bidding process and the final terms and conditions of the exclusive cooperation arrangement will be reflected in a definitive agreement to be entered into between the parties. Autohome Inc (ADR) (NYSE:ATHM) net profit margin is 37.10% and weekly performance is 1.59%. On last trading day company shares ended up $34.43. Analysts mean target price for the company is $241.58.

www.gaininggreen.com/...ent-nyseking-gopro-nasdaqgpro/1239861/

make Autohome A Solid Long-Term Investment


Summary

   Autohome has been benefiting from strong growth trends in China’s car sales and from a shift to online advertising.
   Robust growth is expected to continue in the future on strong industry trends and a low online ad spend penetration rate.
   Base case scenario implies 25% upside from the current price, while the bullish scenario could send Autohome significantly higher in the next two years.

Autohome's (ATHM) websites are the key destination for China's automobile consumers. The company is benefiting from secular growth trends in China's car market, which has grown to be the top market in the world, with more than 20 million cars sold in 2013. Another thing that has kept Autohome's growth engine running is the strong growth in online car advertising.......
seekingalpha.com/article/...ohome-a-solid-long-term-investment

beflügelt

BITA hat Report demnächst und Autohome am Freitag

Autohome (NYSE:ATHM) is in the Internet sector. The China-based company sells ad space on its websites to car dealers and automakers.

The small-cap company, incorporated in 2008, debuted on the NYSE in December 2013.

Buying shares in an initial public offering from the start involves high risk. The individual investor is best off letting the stock work off its volatility and form a base. Even then, an investor has to expect a rougher than normal ride.
....The base corrected 45%, which would be too deep for most stocks. For an IPO, however, wilder action comes with the territory.

Autohome needs to climb higher on the right side. The addition of a handle would be constructive. Without a handle, the buy point would be 52.08.(derzeit 49.06)

Read More At Investor's Business Daily: news.investors.com/investing-inside-the-50/...m?#ixzz3Ap3KnchU

report war am 7.August
showing net operating revenue hit CNY 506.8 million or USD 81.7 million, growing 71.8% over a year earlier. Net profits hit CNY 206.3 million or USD 33.3 million, leaping 68.8%. The company provided dealer subscription services for 13,693 dealers in the second quarter, higher than 7,351 a year earlier.
www.quotemedia.com/finance/quote/...e=65190&qm_symbol=ATHM

Shares of Autohome Inc. ( ATHM ), a Chinese online automobile information provider, jumped 5% in Friday's trade after a news website reported that Morgan Stanley ( MS ) has picked up a 5.3% stake in the company.

The surge in share price yielded a solid one-year return of 39.9% and 20.2% year-to-date.

The possible reason behind Morgan Stanley's investment could be Autohome's increasing revenues and solid balance sheet. The fact that the company operates in the fastest growing automobile market, China, and is growing its exposure in the online automobile information market could also have supported the decision.

Not only was it the first country to surpass the 20 million unit domestic auto sales benchmark in 2013, but auto sales in China also increased 8.2% year over year to 13.3 million units in the first seven months of 2014,....

Read more: www.nasdaq.com/article/...-analyst-blog-cm396360#ixzz3FBFL2N9G

Online automotive marketplace Autohome (NYSE:ATHM) popped 17% this week in four days of weak-volume trade. The stock, one of IBD's Top World Stocks listings, broke out of an IPO cup base in August. Then it triggered the automatic sell rule by drilling 26% below the 52.08 buy point.

This week's gain puts it 12% below that buy point, which would still be a valid entry if the stock retakes it in strong trade.

Read More At Investor's Business Daily: news.investors.com/...esilient-in-correction.htm#ixzz3GhvNp6YE

will report its financial results for the third quarter of 2014 before the U.S. market opens on November 5, 2014.

Read more: www.nasdaq.com/press-release/...4-20141024-00209#ixzz3HWqIkHdp

In view of the unusual market activity in the Company's American Depositary Shares on Friday, August 22, 2014, the New York Stock Exchange has contacted the Company in accordance with its usual practice. The Company stated that its policy is not to comment on unusual market activities or speculative matters.

Read more: www.nasdaq.com/press-release/...y-20140825-00843#ixzz3HWqWjvHX

The surge in share price yielded a solid one-year return of 39.9% and 20.2% year-to-date.

The possible reason behind Morgan Stanley's investment could be Autohome's increasing revenues and solid balance sheet. The fact that the company operates in the fastest growing automobile market, China, and is growing its exposure in the online automobile information market could also have supported the decision.

Not only was it the first country to surpass the 20 million unit domestic auto sales benchmark in 2013, but auto sales in China also increased 8.2% year over year to 13.3 million units in the first seven months of 2014, per the China Association of Automobile Manufacturers (CAAM).

Autohome operates through two websites - autohome.com.cn and che168.com - and generates revenues from advertising and dealer subscription services.

In Autohome's last-reported quarter, it added a significant number of auto dealers which almost doubled from the year-ago period. The websites also generated heavy traffic. All these factors helped Autohome to report strong revenues (71.8% year-over-year increase) in the quarter. Moreover, the company has a debt-free balance sheet. Autohome has also forged a partnership with Chinese search engine Baidu ( BIDU ) to increase its visibility in auto-related searches.

It is worth noting that Tiger Global Management also recently increased its stake in the company to 18.5%.

Read more: www.nasdaq.com/article/...-analyst-blog-cm396360#ixzz3HWrY9nZM

Robust Mobile Traffic: The number of average daily unique visitors who accessed the Company's websites via mobile devices and the number of average daily unique visitors to the Company's mobile applications reached approximately 4.0 million and 2.9 million, respectively, in the month of September 2014. Altogether, that represents growth of more than 32% and 177% in total number of average daily unique visitors on mobile platforms compared to those in the month of June 2014 and September 2013 respectively. ........
seekingalpha.com/pr/...e-third-quarter-ended-september-30-2014

Adjusted net income was RMB 183.9 million or RMB 1.71 per ADS ($30 million or $0.28 per ADS), versus RMB 141.5 million or RMB 1.63 per ADS ($23.14 million or $0.27 per ADS) in the same quarter the previous year. Revenue was RMB 545.1 million ($88.8 million), up 64.6% from RMB 331.2 million ($54.16 million) in the same quarter last year. Analysts polled by Capital IQ were expecting earnings of $0.26 per ADS on revenues of $84.52 million. The company expects Q4 revenue of RMB 610 million ($99.4 million) to RMB 636 million ($103.6 million) versus the Street view of $94.64 million.
www.streetnewswire.com/...-nyseoge-ansys-inc-nasdaqanss/18321/

ist mir völlig unklar warum die 11% fällt

Chinese media have been circling since August that Autohome‘s (ATHM) controlling shareholder Australian telecom Telstra wanted to sell down its shares.

So it is happening. Autohome earlier this week proposed to sell 1.65 million shares in a secondary offering and its existing shareholders, Telstra and Autohome’s President Xiang Li, wanted to sell 6.85 million in shares.

“According to our estimates, the total shares offered in this deal account for around 7.7% of total shares outstanding,” wrote Credit Suisse analysts Evan Zhou and Dick Wei.

However you read it, this secondary offering is not good, wrote the analysts:
   (1) this may mark the beginning of further selldown from Telstra; (2) the chance of strategic investment by major platforms seems low in near term; (3) with the newly raised fund, the company may step up investment, leading to further pressure on the overall margin picture.

After this offering, Telstra’s stake will be lowered from 63.6% to 56.7%, estimates Credit Suisse.

In terms of share ownership, Autohome’s management does not have much sway. CEO James Zhi Qin has only 3.2% of the company and president Xiang Li will have 3.1%. Free-float, ex Tiger Management‘s 6% stake, is only 28% of shares outstanding.

Credit Suisse consequently downgraded Autohome to Sell and cut their price target to $39.5:...Credit Suisse new price target implies another 20% downside.
blogs.barrons.com/asiastocks/2014/11/06/...isse-downs-to-sell/

Earnings means profits. Before you buy a share, this is the first figure that you need to check. An increase in earnings every year is a sign that the company in question is prima facie a good candidate for further analysis. Increasing earnings generally leads to a higher stock price. Most of the high earning companies also pay regular dividend to its shareholders. Analyzing Earnings is the first most important step for investors because they give an indication of the company’s expected future dividends and its potential for growth and capital appreciation. ...

Autohome Inc (ADR) (NYSE:ATHM) has the market capitalization of $ 4.04Band its EPS growth ratio for the past five years was 134.60%. The return on assets ratio of the Company was 17.50% while its return on investment ratio was 20.00%. Price to sales ratio was 15.62while 60% of stock was owned by Institutional investors. The Company earned $ 95.50M in prior twelve months....

www.investorwired.com/...t-wac-first-republic-bank-frc/1713731

usa.chinadaily.com.cn/epaper/2014-12/19/content_19126341.htm

seekingalpha.com/news/...-beat-guidance-bitauto-plus-5-percent

On top of soundly beating Q4 estimates, Autohome (NYSE:ATHM) is guiding for Q1 revenue of RMB573M-RMB602M ($92.4M-$97M), good for 67.5%-76% Y/Y growth and well above an RMB519.1M consensus.
A 120.2% Y/Y revenue increase for Autohome's dealer yellow page business (covers dealer ads and subscription services, 54.5% of total revenue) fueled the Q4 beat. Automaker ad services revenue (45.5% of total revenue) rose 65.6%. Dealers paying for subscription services rose 69.4% Y/Y to 17,080, aided by Autohome's expansion into Tier 3/4 Chinese cities.
Gross margin rose to 83.4% from 77.3% a year ago. Operating expenses rose 111.9% Y/Y to $50.8M and made up 42.6% of revenue (up from 38.5% a year ago). Sales/marketing spend rose 129%, R&D 118.8%, and G&A 49.4%.
Rival Bitauto (NYSE:BITA) is following Autohome higher ahead of its March 9 Q4 report.

www.investresearch.net/autohome-aktienanalyse/

news.investors.com/...-top-china-based-stocks-build-bases.htm?

....while BitAuto has dived deep below critical levels of support, Autohome has climbed to retake both its 10- and 40-week moving averages. It has formed a handle, but the handle is low in the base. You would like to see it form a higher handle, or climb to break out above the left side of the four-month cup.

Barclays last week upgraded Autohome and raised its price target to 52 from 45. The March 17 note cited a number of factors, including an increasing share of revenue from online vs. offline ads and increasing market share. Auto dealership subscription revenue surged 99% year-over-year in the fourth quarter, which Barclays says narrowed the gap in such revenue between Autohome and BitAuto.

Read More At Investor's Business Daily: news.investors.com/...ed-stocks-build-bases.htm?#ixzz3Vf4GpLth
Follow us: @IBDinvestors on Twitter | InvestorsBusinessDaily on Facebook

stafforddaily.com/...ome-inc-adr-analyst-rating-update/310113/
.......
Autohome Inc. is an online destination for automobile consumers in China. Through its two Websites, autohome.com.cn and che168.com, it delivers independent and interactive content to automobile buyers and owners. Content it provides to its users include professionally produced content, user generated content, automobile library and automobile listing information. It has an editorial team focusing on serving consumers throughout the automobile ownership lifecycle. It conducts independent and professional evaluations of vehicle models from its users perspective. It has an active online community of automotive consumers in China. As of December 31, 2013, it had over 8.3 million registered users and over 1,500 user forums. As of December 31, 2013, it had an online automobile library in China with nearly 16,000 vehicle model configurations and over 2.2 million photos. Its automobile listing information features listings of both new and used automobiles on its Websites.

www.prnewswire.com/news-releases/...n-form-20-f-300057458.html

ir.autohome.com.cn/...22&p=irol-newsArticle&ID=2022479

Fourth Quarter 2014 Financial Highlights1

   Net Revenues accelerated significantly by 91.5% to RMB739.1 million ($119.1 million) for the fourth quarter of 2014, exceeding the Company's original guidance of RMB610 million ($98.3 million) to RMB636 million ($102.5 million).
   Net Income increased largely by 103.4% year-over-year to RMB249.6 million ($40.2 million) for the fourth quarter of 2014.
   Net Cash Provided by Operating Activities increased 51.0% year-over-year to RMB487.2 million ($78.5 million) for the fourth quarter of 2014.

Full Year 2014 Financial Highlights1

  Net Revenues increased 75.3% year-over-year to RMB2,132.9 million ($343.8 million) for the full year 2014, with growth rate hitting 3-year-high.
   Net Income increased 64.1% year-over-year to RMB748.7 million ($120.7 million) for the full year 2014.
  Net Cash Provided by Operating Activities increased 72.4% year-over-year to RMB1,023.7 million ($165.0 million) for the full year 2014.
.....
Solid Increase in Mobile Traffic: The number of average daily unique visitors who accessed the Company's websites via mobile devices and the number of average daily unique visitors to the Company's mobile applications reached approximately 4.3 million and 3.4 million, respectively, in the month of December 2014.  Altogether, that represents a growth of approximately 140% in the total number of average daily unique visitors on mobile platforms compared to those in the December 2013.

Autohome Remains the Leading Online Destination for Automobile Consumers in China:In the fourth quarter of 2014, autohome.com.cn's ranking remained first among China's automotive websites and automotive channels of internet portals in terms of average daily unique visitors, average daily page views, and average daily time spent, according to iResearch, a third-party market research firm.......

Autohome (NYSE:ATHM): Q1 EPS of RMB1.71 beats by $0.12

Revenue of RMB622.9M (+82.1% Y/Y) beats by $18.44M.

First Quarter 2015 Financial Highlights1

   Net Revenues significantly increased 82.1% year-over-year to RMB622.9 million ($100.5 million) for the first quarter of 2015, exceeding the Company's original guidance of RMB573 million($92.4 million) to RMB602 million ($97.1 million).
   Adjusted Net Income increased 44.3% year-over-year to RMB197.5 million ($31.9 million) for the first quarter of 2015.
....

Read more: www.nasdaq.com/press-release/...5-20150506-00115#ixzz3ZMjxZ9Q7

trotz hervorragender Quartalszahlen und guten neuen Analystenschätzungen / Price Targets ein solcher Abschlag heute ... für mich unverständlich

.... war aber wohl im letzten Quartal ähnlich ...

Wir sind ja nahe am Höchstkurs, die $56 müssen halt erstmal geknackt werden, da sind Gewinnmitnahmen hier und da zu erwarten.

Die Story ist aber voll intakt, sollte also nur noch eine Frage der Zeit sein, bis wir den Ausbuch zu neuen Höchstkursen sehen.

und DANG stach mit 6,6% hervor
offenbar ist die allgemeine Situation in China entscheidend und der Shanghai Index fiel nach wochenlangem Anstieg

www.4-traders.com/...-Teams-up-with-China-Grand-Auto-20456683/

Autohome Inc. recently signed a strategic agreement with China Grand Auto on cooperation in marketing & promotion, auto ecommerce, big data and etc. They will jointly explore auto industry's integrations and reforms in the Internet + era and dedicate themselves to providing more convenient and complete services to consumers.

It is the first time for the biggest Chinese auto Internet firm to team up with the biggest Chinese auto dealer. Cooperation modes will be actively looked for via resource consolidation, advantage sharing and etc.

Today's Screen Of The Day is Top Fundamentals, which features highly rated firms with three-year sales and earnings growth rates of at least 25%, sorted by the biggest estimated EPS-percentage change from a year ago. Today's screen includes four Chinese companies: Alibaba, Vipshop Holdings (NYSE:VIPS), YY (NASDAQ:YY) and Autohome (NYSE:ATHM).

Autohome

Like TrueCar (NASDAQ:TRUE), Edmunds.com and others in the U.S., Autohome provides interactive content on autos on its site including background on new and used vehicles for sale.

It's rolling out tools for mobile users on smartphones and tablets. And in March it launched i-Autohub, a marketing system designed to help dealers manage sales leads and improve conversion rates.

Autohome struggled early in the year and its stock price dropped to a 34.50 low on Jan. 23 before it turned up. It's climbed 37% since then to a 47.27 close Wednesday, up 4.4% for the day.

Read More At Investor's Business Daily: news.investors.com/technology/...nese-stocks.htm#ixzz3cvWAuV1m

Bitauto, Autohome jump after Beijing cuts vehicle tax

Chinese auto site owners Bitauto (BITA +6.4%) and Autohome (ATHM +13.6%) are flying higher after Beijing cut its tax on vehicles with 1.6-liter or smaller engines in half to 5% through the end of 2016, in an effort to boost flagging auto sales.

The government also banned local governments from restricting the purchase/operation of electric vehicles, and reiterated its support for developing new vehicle technologies.

Concerns about macro pressures and heavy spending have taken a big toll on both Bitauto and Autohome: The former remains down 69% from a 52-week high of $97.45, and the latter down 41% from a 52-week high of $56.59. Tencent and JD.com took stakes in Bitauto earlier this year.

seekingalpha.com/news/...e-jump-after-beijing-cuts-vehicle-tax

seekingalpha.com/news/...q4-guidance-bitauto-minus-6_4-percent

Though it beat Q3 estimates, Autohome (NYSE:ATHM) is guiding for Q4 revenue of RMB942M-RMB979M (+27.4%-32.5% Y/Y, equal to $148.2M-$154M), below an RMB1.05B consensus. The Chinese auto site owner suggests macro pressures are weighing.

Top-line performance: Ad revenue rose 58.6% Y/Y in Q3 to $96.2M - automaker ads +51.7% to $63.9M, dealer ads +74.2% to $32.3M. Dealer subscription revenue rose 80.1% to $45.2M, with ARPU rising 35.1% and paying dealers 33.4%.

Financials: Cost of revenue rose 65.2% to $25.1M, nearly even with revenue growth of 64.9%. Operating expenses rose 83.6% to $71.3M - sales/marketing spend +89.2% to $52.8M, R&D +76% to $11.6M, G&A +59.4% to $6.9M. Autohome ended Q3 with $550.6M in cash, and no debt.

www.4-traders.com/...-on-the-road-to-e-commerce-mode-21441673/

'Click and drive' shopping to come online in near future

Shoppers in China crazy about Singles Day, the largest online shopping day in the world that falls on Nov 11, helped China's automotive industry set new records for online orders.

According to data from two leading automotive websites, Autohome sold 54,085 cars, while BitAuto sold 77,882, which means the two sites generated more than 21 billion yuan ($3.29 billion) in a single day.

This success is reflective of Chinese consumers' passion for online shopping.

We believe that China's automotive e-commerce is ready for liftoff in the coming years - experts forecast annual growth rates between 30 to 40 percent for the next five years.

However, what does e-commerce in the Chinese automotive industry need to advance to the next stage and who will be the winners in that race?

Connect offline, online

When buying a car, most Chinese customers tend to get their information through research on the Internet.

According to interviews with 4S dealers, 80 to 90 percent of customers going to stores have already done research online nowadays.

Automotive information was essentially limited to several specialized online vertical platforms, with the biggest players, Autohome and Bitauto, attracting millions of visits a day.

Through their large user base, the sites offer advertisements to potential buyers and help dealers extend the reach of their physical showrooms by providing a centralized marketing platform.

Online sales, however, were handled separately from offline sales in the industry, because they were generally viewed by automotive manufacturers and dealers as playing only a supporting role.

During the past few years, however, with major e-commerce platforms realizing the importance of leveraging customer data from both virtual and physical stores, a complete automotive e-commerce ecosystem has gradually begun to take shape.

For the next phase, dealers are trying to integrate the two channels more closely into an online-to-offline, or O2O, model.

Alibaba's B2C online retail platform, Tmall, marked its first involvement in payment transactions.

The first step is that buyers can make an upfront payment online or use Alipay machines near the point of sale to purchase a car conveniently and without cash by simply swiping their bankcards.

In the long run, customers will not have to go to the showroom at all, but pay the full price online.

This would also be a win for the online dealer: Customers leave behind a valuable data footprint that provides information about the effectiveness of marketing activities.

Pioneers guide the way

Some automakers, such as Geely, Guangqi Honda and Chevrolet, have started to promote selected models via their own e-commerce platforms.

VW and BMW are also well aware of the opportunities and are teaming up with e-commerce platforms, such as Tmall or Bitauto, to promote selected models.

But activities are still far from being fully integrated. Fundamental issues such as the low transaction conversion rate and the challenge of incorporating online sales into daily operations have not yet been resolved.

Managing such large inventories and offering aftermarket services are also virgin territory for e-commerce platforms.

Part of the difficulty stems from the fact that an automobiles today seem too complex to be priced and sold online in the same way as consumer goods like books or DVDs.

In the coming stages of development, automotive manufacturers will need to know how to address consumers directly, try to leverage online and mobile platforms and establish direct B2C channels to reach the customer directly.

These activities enhance the customer experience, enable community-building and improve the exchange of information over the complete product lifecycle.

Zhang Junyi is a partner of Roland Berger Strategy Consultants and Raymond Wang is a principal of Roland Berger Strategy Consultants.

seekingalpha.com/research/...r-caught-up-in-the-china-sell-off

Summary

Autohome is the market leader in the automotive space within China with 4.5 million unique visitors each day creating a compelling advertising environment for dealers.

The deal subscription service is like the driver of the business going forward as both pricing and dealership subs are likely to continue to increase for several years.

The ROI for advertising on the web property for dealers is highly attractive given the intent of the average visitor to the site and growth in digital.

www.americanbankingnews.com/2016/01/27/...by-analysts-at-hsbc/

ir.autohome.com.cn/...22&p=irol-newsArticle&ID=2139860

....Full Year 2015 Financial Highlights1

Net Revenues increased 62.4% year-over-year to RMB3,464.0 million ($534.7 million).

Adjusted Net Income increased 36.2% year-over-year to RMB1,103.1 million ($170.3 million).

Net Cash Provided by Operating Activities increased 42.8% year-over-year to RMB1,461.8 million ($225.7 million).....

seekingalpha.com/article/...es-10-small-caps-explosive-returns

behauptet, er habe nix finden können zur wirtschaftlichen Situation, ist ja lachhaft s.o.

"Autohome Inc. operates as an online destination for automobile consumers in the People's Republic of China. The company, through its Websites, autohome.com.cn and che168.com, delivers comprehensive, independent, and interactive content to automobile buyers and owners, including professionally produced content that comprises automobile-related articles and reviews, pricing trends in various markets, and photos and video clips; automobile library, which includes a range of specifications covering performance levels, dimensions, powertrains, vehicle bodies, interiors, safety, entertainment systems, and other unique features, as well as manufacturers' suggested retail prices; new and used automobile listings, and promotional information; and user forums and user generated content.
Autohome Inc. also offers advertising services for automakers and dealers; dealer subscription services that allow dealers to market their inventory and services through its Websites; used automobile listings services, which allow used automobile dealers and individuals to market their automobiles for sale on its Websites; ......

www.4-traders.com/...From-Group-Including-CEO-Update-22182291/

Less than a day after Australia's Telstra Corp. said it would sell a 47.7% stake in Chinese online car retailer Autohome Inc., a consortium including Autohome's chief executive announced a bid for the whole company.

Autohome CEO James Zhi Qin, Boyu Capital, Hillhouse Capital and Sequoia China are offering $31.50 a share for the company, which would value it at about $3.56 billion. The offer is a 4.4% premium to Thursday's closing price. Autohome is listed on the Nasdaq and based in Beijing.

Telecom and technology company Telstra said earlier Friday that it agreed to sell a 47.7% stake to Ping An Insurance Group for $1.6 billion, and would retain a 6.5% interest. That sale is worth $29.55 a share.

Autohome shares closed at $30.16 on Thursday, closing up 6.6% Friday and falling 59 cents in late trading to $31.56.

In February, Autohome said fourth-quarter adjusted net income rose 20%, as revenue rose 46% to 1.08 billion Chinese yuan, equal to about $167 million at the time. Revenue exceed the company's guidance as it posted strong increases in mobile traffic and dealer subscriptions.

Social networking company Renren Inc. and dating-app maker Momo Inc. are among the Nasdaq-listed Chinese companies that have received buyout offers led by executives. Bankers say many of these companies intend to go public again in China.

Die versuchen den Laden jetzt günstig aufzukaufen um ihn dann wahrscheinlich später teuer in China wieder an die Börse zu bringen.

The drive back home for New York-listed Chinese companies continues as we head into the new week, with online car site Autohome becoming the latest to announce a privatization plan. In a slightly unusual twist to that story, Autohome shares actually rose above the offer price before the buyout deal was announced, suggesting investors were hoping for a bigger premium than the one offered. But they quickly fell back to the offer price in after-hours trading.... it will pay $31.50 per American Depositary Share (NYSE:ADS) in its bid to privatize ...

seekingalpha.com/article/...-autohome-e-house-drive-back-china

blogs.barrons.com/asiastocks/2016/04/19/...arrons&ru=yahoo

By Shuli Ren

Autohome (ATHM), a Chinese automobile website, is the latest U.S.-listed Chinese company that seems to be going home.

But this deal is more curious than others because it is messy, it may well turn into a bidding war, and it involves big names such as China’s Ping An Insurance (2318.Hong Kong) and Australia’s Telstra (TLS.Australia).

Autohome’s CEO wants control, while its controlling shareholder that doesn’t understand China’s fast-moving Internet space wants to get out. CEO James Qin has only 3% of the voting rights and Australian telco Telstra has 54% of the company. In an interview with the CEO in August 2014 (this blogger flipped through her old notes), my first question was Tesltra’s role in the company’s daily management and when it planned to cash out.

On April 16, Autohome announced it had received a non-binding management-led buyout offer for $31.50 a share, or $1.6 billion in total, from a consortium including James Qin, Boyu Capital, Sequoia China and Hillhouse Capital. Curiously, the offer was made right after Teltra entered into an agreement to unload a 47.7% stake in Autohome to Ping An Insurance at $29.55 a share. If Telstra’s sale to Ping An goes through, the Chinese insurance company would become Autohome’s largest shareholder. Currently, 39% of Autohome’s shares are free float.

Corporate actions in China are rarely this messy. Are China’s most prominent private equity groups going to start a public bidding war with Ping An Insurance on U.S. soil, or did Ping An act preemptively?

The timing is just so odd.

The $31.50 buyout offer is by no means generous. Autohome closed at $30.16 on Thursday, so the offer represented only a 4.4% takeout premium. Autohome’s earnings more than doubled since it went public at $17 a share in December 2013, but its total returns have not. In particular, retail investors who bought on Autohome’s debut trading day would receive only 4.7% in total returns if this deal goes through.

It is not hard to see why Ping An may want Autohome. The insurance group has a sizable auto insurance and financing business and shut down its own Internet auto business recently. Autohome’s competitor BitAuto (BITA), as well as e-commerce giant Alibaba (BABA), are rumored to be interested in buying stakes in Autohome.

So will Ping An make a better counter-offer? It seems to be calling the shots now with a 47.7% stake.

Australia’s Telstra is now looking stupid in this deal having sold its large stake for cheap less than 12 hours before the better buyout offer. Will Telstra pull out? Interestingly, it still needs Autohome’s board approval to sell its stake to Ping An, and it controls 5 out of the 10 seats. Maybe Telstra can block Telstra?

Minority investors are certainly expecting a better counter-offer. Autohome closed at $31.49 on Monday, a shade shy of the management buyout group’s $31.50.

“The buyer group offered only 4% premium over the last price before the announcement day, below the avg. premium of 18% of the past 18 going-private offers in the internet sector. The offer price implies16x non-GAAP 2016EPE on core business (11x excluding cash), which we see as undervalued given the solid growth ofthe core business,” noted Bank of America Merrill Lynch.

We often hear U.S.-listed Chinese companies complain that their valuations are too low and that U.S. investors don’t understand their business models. But with this kind of shady corporate governance, can they blame investors for discounting them?

Inside the Rebellion at China’s Largest Automotive Website

www.bloomberg.com/news/articles/2016-05-29/...id=yhoo.headline

www.benzinga.com/analyst-ratings/...-to-underperform?source=sa

Ping An has completed the acquisition of a 47.4 percent stake in Autohome Inc for $1.6bn from Telstra Corporation, and the new management team has replaced the previous CEO and CFO.

Since Ping An already has effective control of Autohome and there are uncertainties in the domestic capital market, so the former may “take a pause,” before any further share acquisition, Zhou believes. He added, “That said, investors should keep in mind that Ping An may still take the company private or introduce other strategic investors at certain time (but more likely at a lower price, in our view).”

seekingalpha.com/article/3986359-time-buy-autohome

Summary

Telstra's share sale is now a done deal.

We think the takeover by Ping An casts uncertainty on Autohome's future.

We will refrain from investing in the stock until we see more evidence that the company's growth is sustained under the new management.

seekingalpha.com/article/...e-fades-management-exodus-ku6-bows

Bottom line: Autohome’s shares will come under pressure after a mass defection of its middle management, most likely to start a rival company.

seekingalpha.com/article/...jor-upside-catalysts-going-forward

Summary

Telstra recently sold a 47.4% stake in Autohome to Chinese auto insurance giant Ping An.

Autohome's former CEO launched an unsuccessful counter bid for the company with the help of three Chinese private equity firms.

Ping An partnership provides synergies for Autohome, and will benefit the customer base going forward.

Autohome is a cash cow with no debt; Ping An has not expressed interest in buying the remaining 50% of the float, but it would be justifiable.

www.faz.net/aktuell/wirtschaft/konjunktur/...er_FAZ_Wirtschaft

Die chinesische Wirtschaft ist im August deutlich gewachsen. Das lag vor allem an der überraschend starken Industrieproduktion und einer bald auslaufenden Steuervergünstigung.

www.4-traders.com/...rawal-of-Going-Private-Proposal-23206474/

Autohome Inc. Announces Receipt of Withdrawal of Going Private Proposal

seekingalpha.com/article/...still-strong-investment-case-china

Our firm was founded on three core beliefs:

China will play an increasing role in US investors' portfolios

The rise of the Chinese consumer is creating a long-term growth opportunity

Investors need a quality and reliable source of information on China in order to understand these dramatic changes

seekingalpha.com/pro/checkout/4050358?notice=pro

Autohome: The Road To Becoming The No.1 Automotive Portal In China

With markets at all-time highs, it is becoming increasingly difficult to find undervalued companies. One has to look around the world to identify great opportunities. I believe that Autohome is one of them, as it's a well managed business, with high returns on invested capital, strong competitive advantages and low valuation compared to potential future cash flows.

www.faz.net/aktuell/wirtschaft/...gn=Newsletter_FAZ_Wirtschaft

Die chinesische Regierung hat eine groß angelegte Steuersenkung angekündigt. 55 Milliarden Dollar (380 Milliarden Yuan) sollen die Erleichterungen nach Berechnungen der Regierung zusammengenommen betragen. Das Ziel der Reform sei es, den Konsum im Land weiter anzuheizen und kleine Unternehmen zu stärken.

www.faz.net/aktuell/technik-motor/...te-der-welt-14973703.html

Autos, so weit das Auge reicht
Ortstermin auf dem größten Gebrauchtwagenmarkt der Welt: Rolls-Royce in Reihe, Maserati en masse und Bentley im Dutzend. Nur aus China gibt es hier nichts.

traderfox.de/trader-blog/trader-blog/...auser-zittern/p-1585/

Die Digitalisierung schreitet also immer weiter voran. Doch von dem Online-Handel zeigt sich bisher ein Markt nahezu unbeeindruckt. Hierbei handelt es sich um den Automarkt. Bislang findet der herkömmliche Autokauf noch immer in Autohäusern statt. Das wird sich in Zukunft ändern. Denn Amazon kündigte zuletzt an, dass der Konzern den Einstieg in den europäischen Autohandel plant. Dazu wurde bereits Personal abgeworben.  Der erste Testmarkt soll mittlerweile feststehen.

aktien-mag.de/...wroom-soll-fur-weitere-kunden-sorgen/p-8266/

Betreten von Showrooms mittels Augmented Reality

Die Begutachtung eines Autos im Bereich der Automobil-Plattformen lief bisher über statische Fotos. Autohome hat in Kooperation mit HiScene einen Augmented Reality Showroom geschaffen. Bisher verfügt dieser über 30 Automarken und rund 60 Modelle. Die virtuellen Fahrzeuge können in drei Dimensionen erforscht werden. Zudem können virtuelle Testfahrten durch verschiedene Städte erfolgen. Dabei sollen Merkmale wie Beschleunigung, Bremsen oder der Kraftstoffverbrauch möglichst realitätsnah erkennbar sein. Autohome erhofft sich durch diesen AR-Showroom eine emotionalere Haltung des Kunden gegenüber den Autos. Das Gefühl nach einer virtuellen Testfahrt auf der Seite nach realen Autos zu suchen, soll dazu führen, dass Menschen ein besseres Gefühl beim Kauf bekommen. Letztlich soll es natürlich auch die Verkäufe der Händler und somit auch den Umsatz und Gewinn von Autohome steigern.

Die Konkurrenz schläft nicht. In China scheint das Geschäft rund um die AR-Showrooms ein boomender Markt zu sein. Konkurrenten wie Bitauto haben ebenfalls ein Projekt rund um den virtuellen Showroom gestartet. Es bleibt abzuwarten, welches dieser Modelle besser angenommen wird.

www.4-traders.com/...erlying-trend-is-in-force-again-25201408/

Summary

The company has strong fundamentals. More than 70% of listed companies have a lower mix of growth, profitability, debt and visibility criteria.

The company has solid fundamentals for a short-term investment strategy.

youtu.be/QL17RwLJD-E

Q2 EPS of $0.71 beats by $0.19.

Revenue of $230.4M (+12.3% Y/Y) beats by $18.89M.

www.investors.com/research/...ebsites-still-has-room-to-grow/

Autohome (ATHM) is on the move, and as the company focuses on big data to drive future growth, analysts believe there could be more room for the stock to run.

Initiating coverage on China's online destination for all-things-automotive with a buy rating on Jan. 2, Citi said that Autohome is "gaining share in auto ad budgets." Not only does the website — with content ranging from professional to user-generated to informational listings — make money from advertising, it's also growing sales in two other segments: auto finance and data products. Citi expects these newer areas to drive the "next leg of growth."

UBS maintained its sell rating in the wake of Autohome's quarterly report in early November, saying there's a "lack of visibility in (the) 2018 growth outlook."​

wird Autohome m.E. wirklich interessant. Wachstum weiterhin da und weniger riskant, als sich einzelne Autohersteller ins Depot zu legen. Wollen zukünftig 20 % ihres Gewinns als Dividende ausschütten. Mfg