MOMO: MOMO Core Live Broadcasting Business On Track To Recovery In 3Q21 But May Be Impacted By Weak Economy And COVID In 4Q21
MOMO will report 3Q21 results on November 30th before the markets open with an 8am ET conference call. We are neutral on MOMO’s 3Q21 performance. MOMO core’s live broadcasting was on track to recovery in 3Q21, but may be under pressure in 4Q21 due to the weakening of the macro economy as well as recent outbreak of COVID cases. In recent quarters, Tantan is focusing on restructuring. We do not expect meaningful outcomes yet from the changes.
T.H. Capital is an independent research and investment advisory firm specializing in China. We offers real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects; from China ADRs to international names that have meaningful exposure to China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
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