Company Profile:

JOYY Inc., through its subsidiaries, operates a social media platform in the People’s Republic of China and internationally. The company operates live streaming platforms, including YY Live, an interactive and comprehensive live streaming social media platform offering music and dance shows, talk shows, outdoor activities, and sports and anime; Bigo Live, which enables users to live stream their specific moments and talk live with each other; and Huya, a game live streaming platform. It also operates short-form video platform, such as Likee, a short-form video social platform that produces, uploads, views, shares, and comments on short-form videos on a daily basis. In addition, the company operates imo, a video communication platform; and Hago, a casual-game-oriented social platform that integrates various social features, such as live streaming chatrooms and karaoke. The company was formerly known as YY Inc. and changed its name to JOYY Inc. in December 2019. JOYY Inc. was founded in 2005 and is headquartered in Guangzhou, the People’s Republic of China.

Recent News:

The company plans to release its second quarter 2020 financial results after the U.S. market closes on Wednesday, August 12, 2020. The Company’s management will host an earnings conference call at 9:00 PM U.S. Eastern Time on Wednesday, August 12, 2020 (9:00 AM Beijing/Hong Kong Time on Thursday, August 13, 2020).

The company reported net revenues increased by 49.6% to RMB7,149.4 million (US$1,009.7 million) from RMB4,780.6 million in the corresponding period of 2019. Net income attributable to controlling interest of JOYY Inc.1 was RMB386.7 million (US$54.6 million), compared to RMB3,120.4 million in the corresponding period of 2019.

Fundamental Analysis:

Ninestocks analyzes several different financial aspects: Growth, Profitability, solvency and efficiency.

Growth – Measures the growth of both the company’s income statement and cash flow.

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Profitability – Measures the historical price movement of the stock.

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Solvency – Measures the solvency of the company based on several ratios.

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Efficiency – Measures the strength and historic growth of a company’s return on invested capital.

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Conclusion:

YY’s strengths can be seen in its strong growth, better profitability and better efficiency compared with its peers. Its revenue has increased over recent several years. Technical indicators signal the bullish signs, as there is a bullish crossover in Stochastic oscillator, MACD is trying to cross back up and the RSI stands at 49.77 with positive bias. We rate JOYY Inc. (YY) a STRONG BUY.