T.H. Capital - HUYA Inc. Sponsored ADR Class A (HUYA) HUYA: High Base in 1Q20 Is Likely Leading To A Soft 1Q21; Lingering Merger Approval Is Leading To Softness In Business Operations

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T.H. Capital

Tian Hou

EUR 219.93 For Business Accounts Only

HUYA: High Base in 1Q20 Is Likely Leading To A Soft 1Q21; Lingering Merger Approval Is Leading To Softness In Business Operations

HUYA will report 1Q21 results on May 18th before the markets open with a 7am EST conference call. Based on our data and model, we believe HUYA’s 1Q21 revenue is likely to be in line with Street consensus at RMB2,668M (10.6% Y/Y growth). The lower growth is mainly due to the high base of 1Q20, as well as the lingering merger with DOYU (DOYU, $8.57, Not Rated) that is likely causing some delays in business operations.

07/05/2021 5 EN

Underlying

HUYA Inc. Sponsored ADR Class A

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US44852D1081 New York Stock Exchange China

Provider

T.H. Capital

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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Analysts

Tian Hou

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HUYA: High Base in 1Q20 Is Likely Leading To A Soft 1Q21; Lingering Merger Approval Is Leading To Softness In Business Operations

HUYA INCO. sees a downgrade to Negative on account of less fundamental stars

HUYA: Policies Have Limited Impact On HUYA; Expect 3Q21 Revenue To Be In Line With Consensus On Mixed Operating Metrics Due To High Base

TCOM: TCOM’s Potential Better 4Q2024 Performance and Better Long-Term Growth Outlook

BILI: Cautious On Long-Term Outlook Due To Competition And Market Saturation

BIDU: Expect In Line 2Q24 Results; Monetization In AI Is Taking Time To Drive Overall Growth

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