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JOYY INCO. reduces its risk exposure and slightly improves to Neutral

The independent financial analyst theScreener just allocated a lower risk rating to JOYY INCO. (US), active in the Software industry. As regards its fundamental valuation, the title still shows 3 out of 4 possible stars. Its market behaviour, however, has slightly improved and can be qualified as moderately risky. theScreener considers that these elements merit an overall rating upgrade to Neutral. As of the analysis date January 7, 2022, the closing price was USD 49.38 and its expected value wa...

Tian Hou
  • Tian Hou

T. H. Data Flash - JOYY Inc. – September & 3Q21E: Better Operational M...

We are positive on the recovery of YY’s operational metrics in 3Q21, but cautious on increasing competition from TikTok and Kwai overseas. Bigo Live’s live streaming revenue is likely to grow 10.5% Y/Y in 3Q21E due to the increase of hosts and online users on the platform. Likee download and grossing ranks went down Q/Q due to fierce competition overseas in 3Q21E.

Dave Nicoski ... (+2)
  • Dave Nicoski
  • Ross LaDuke

Vermilion Short Shots: Technically Vulnerable Stocks

Short Shots is a collection of technically vulnerable charts culled from the Negative Inflecting and Toppy columns within our Weekly Compass report or from various technical screening processes. The charts contained in this report have developed concerning technical patterns that suggest further price deterioration is likely. For these reasons Short Shots can also be a great source of ideas for investors interested in short-selling candidates.

Tian Hou
  • Tian Hou

YY: Overseas Live Streaming Has Huge Potential; Positive On BIGO Live ...

YY will report 1Q21 results on May 27th after the markets close followed by a 9pm EST conference call. We are positive on YY’s performance in 1Q21E. Based on our data and model, we believe YY’s revenue is likely to be at least in line with consensus expectation at RMB 3,919M, which is for overseas business only. We are optimistic about its overseas business. Its domestic business was sold to BIDU, and we believe it is currently undergoing the approval procedure.

Tian Hou
  • Tian Hou

YY: Better Performance In Both Domestic And International Markets May ...

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...

Tian Hou
  • Tian Hou

T. H. Data Flash - JOYY Inc. – November & 4Q20E: Better Performance In...

We are positive on YY’s performance in 4Q20E. YY/BIGO has positioned itself as one of the few Chinese companies/entrepreneurs, including Yalla (YALA, $17.34, Not Rated), Sea (SE, $229.66, Not Rated), Agora (API, $39.08, Not Rated), TikTok (private) and several others, that have brought their domestic expertise to overseas. As these companies have already gained success in China, the most competitive market, in our view, the chances of gaining success in other places can be high. Based on our dat...

Tian Hou
  • Tian Hou

YY: Better Monetization From BIGO While YY Live Recovered; Expect Bett...

YY will report 3Q20 results on November 16th after the markets close followed by a 9pm EST conference call.  Based on our data and model, we believe YY’s 3Q20 revenue is likely to be higher than the high end of YY’s guidance range of RMB5,850B - RMB6,000B and consensus at RMB5,942M. Bigo Live and Likee are doing well overseas even though people are staying home less as lockdown restrictions were lifted. YY Live in China also recovered well, as YY platform has become a place where entertainment c...

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