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).”