Glonghui, May 9 | Yamato released a report saying that the main positive surprise of Auto Home's first quarter results was that net profit was better than expected. The bank currently expects the company's net profit to continue to grow in the second half of the year and achieve positive profit growth throughout the year. Yamato indicated that Auto Home's revenue growth in the past two quarters was better than market expectations, giving the market room to increase its revenue forecast for this year. The bank expects that the recovery in Auto Home's media service revenue in the second half of the year will drive stock price revaluation, and the announcement of a dividend in the first half of the year is a recent catalyst for the stock. The bank raised its target price from HK$70 to HK$74, maintaining a “buy” rating.