YY: Stronger Growth In Hosts And Users Drive Possible Better 1Q17 Performance; Maintain Buy Rating
​YY will report 1Q17 results on Wednesday May 10th before the markets open with an 8am EST conference call. Based on our proprietary data and calculations, we believe YY’s 1Q17 revenue is likely to be around RMB2,254.9M, better than consensus at RMB2,244.5M driven by the upside in its users and hosts. For 2Q17, as the momentum continues, we believe the guidance is also likely to be better than consensus at 27.5% Y/Y growth. As such, we maintain our Buy rating.
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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