Selldown is closely related to CAR's results. CAR's growth seems to be moderating, ICQ's is growing rapidly... Doubt CAR is selling down - perhaps the market has decided a takeover is unlikely anytime soon? Or maybe this is being sold off before a bid?
I still see a takeover by CAR or Autohome as a year or two away (based on the maturity of IPP when REA swooped as compared to where ICQ is at currently), unless the share price hits a suppressed level where it becomes irresistible.
Selldown is closely related to CAR's results. CAR's growth seems...
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