YY: Better Performance In Both Domestic And International Markets May Lead To Solid 4Q20 Results
YY will report 4Q20 results on March 25th after the markets close followed by a 9pm EST conference call. We are positive on YY’s performance in 4Q20E. Based on our data and model, we believe YY’s 4Q20 revenue is likely to be better than consensus expectation driven by better performance in both domestic and overseas markets. Also, we expect the sale of YY Live to Baidu (BIDU, $261.55, Not Rated) to close soon. Once the deal is closed, the high growth of its international business is likely to be the central message of YY. We are optimistic about its overseas business.
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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