0702 GMT - Autohome's near-term business outlook appears challenging, Daiwa Capital Markets analysts say in a research report. The brokerage expects the Chinese online automobile sales and information service platform's media services revenue to soften in 1Q 2025 and in 2025, owing to original equipment manufacturers' lower-than-anticipated advertising budgets. Autohome's sales-lead generation also probably declined in 1Q as sales-lead demand for second-hand cars and advertising demand from dealerships dropped. Daiwa cuts its 2025-2027 earnings estimates for Autohome by 11%-14%. It lowers the American depositary receipt's target price to US$30.00 from US$35.00 and the Hong Kong-listed stock's target price to HK$58.00 from HK$70.00, both with unchanged outperform ratings. (ronnie.harui@wsj.com)
(END) Dow Jones Newswires
April 25, 2025 03:02 ET (07:02 GMT)
Copyright (c) 2025 Dow Jones & Company, Inc.
Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.