JOYY Inc. (YY US) – Moving into 2H23E recovery
JOYY delivered upbeat 4Q22 results, with rev -9% YoY (in line) and bottom line at US$50mn (82% above consensus). 1Q23E rev guidance was 1% below...
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JOYY Inc. (YY US) – Looking beyond 1Q23E soft seasonality
We expect JOYY to deliver in-line 4Q22E, with rev -9% YoY (unchanged) and bottom line at US$2mn (margin diluted by Shopline loss).
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JOYY Inc. (YY US) – Margin surprise, with Shopline as next driver
JOYY’s 3Q22 results beat on margin surprise, with guidance largely in line. We expect rev -9% YoY in 4Q22E, in which Shopline consolidation to...
585 Views
Tencent Music Entertainment Group – Back in the Groove with an Unjustified Valuation Multiple
The proposed IPO of Tencent Music Entertainment (TME US) although highly anticipated is no slam dunk for investors. China's online social...
858 Views
Tencent Music:We Estimate Value at USD 3.77 Per Share; Lower Than Many Expect - $11.7 B for TME
In ANTYA’s view, TME is another IPO where investors need to pay attention to the valuation because like the online lending boom in China which...
926 Views