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.
http://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.....

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

http://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.....
http://www.forbes.com/sites/kenrapoza/2013/12/11/...f-things-to-come/

Berlin und Stuttgart mit Kursanzeige  

Internet stocks are often associated with cutting-edge technology trends and well-publicized buzz. They don't always have a proven track record of superior fundamentals. But YY Inc. (YY), Qihoo 360 Technology (QIHU), LinkedIn (LNKD), HomeAway (AWAY) and Autohome (ATHM) are all part of IBD's Top Fundamentals Screen of the Day. The stock screen sorts by the three-year earnings per share growth rate and latest quarterly earnings growth.

YY, Qihoo 360 and Autohome are China-based companies
YY is a Chinese online music, gaming and messaging platform. YY has a three-year growth rate of 451%. In its latest quarter, EPS grew 176% while revenue advanced 119%. That topped forecasts, though there were some concerns about slowing music-related revenue.

YY shares reversed hard that day, Nov. 6, then quickly rebounded to a new high. The stock peaked in mid-November, then began to retreat as YY first proposed and quickly withdrew a $250 million convertible debt offering. YY edged lower in the stock market Tuesday as shares try to get back above their 50-day moving average.

Qihoo 360 Technology started out in security software, but has made big inroads in search vs. dominant Chinese search provider Baidu (BIDU). Both Qihoo and Baidu have spent heavily, especially on mobile, to grab users.
Qihoo has a 3-year growth rate of 158%, with EPS growth of 135% in the latest quarter on a 124% revenue gain. Qihoo is expected to report a 95% EPS gain for its current quarter.
Shares of Qihoo peaked in October, retreated below their 50-day lines. The stock dipped Friday, but has been trying to break its downtrend over the past week.

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: http://news.investors.com/technology/...rnet-stocks.htm#ixzz2orPOCCH7
 

http://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. ...

http://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: http://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/?  

http://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.

http://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: http://news.investors.com/...ks-return-to-new-highs.htm#ixzz2v1RwgUN7




 

http://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: http://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.

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

Third Quarter 2014 Financial Highlights[1]

   Net Revenues increased 64.6% year-over-year to RMB545.1 million ($88.8 million) for the third quarter of 2014, exceeding the Company's guidance of RMB507.0 million ($82.6 million) to RMB528.0 million ($86.0 million).
   Net Income increased 25.5% year-over-year to RMB170.9 million ($27.8 million) for the third quarter of 2014.
Net Cash Provided by Operating Activities increased 43.0% year-over-year to RMB122.8 million ($20.0 million) for the third quarter of 2014.

Revenues from automaker advertising services increased 42.9% year-over-year to RMB268.0 million in the third quarter of 2014 while revenues from the dealer yellow page business, which includes dealer advertising and dealer subscriptions services, increased 92.8% year-over-year to RMB277.1 million in the third quarter of 2014. Revenues from automaker advertising services and revenues from the dealer yellow page business accounted for 49.2% and 50.8% of the total net revenues, respectively. In the third quarter of 2014, it was the first time that the dealer yellow page business became the major revenue contributor of the Company, contributing more than half of total net revenues.

Further Growth in Dealer Subscriptions: Autohome provided dealer subscription services to 14,614 dealer subscribers in the third quarter of 2014, representing a year-over-year increase of 64.5% from 8,883 dealer subscribers in the corresponding period of 2013.
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. ........
http://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.
http://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.
http://blogs.barrons.com/asiastocks/2014/11/06/...isse-downs-to-sell/