YY: Expect Better 3Q18 Revenue, But Cautious on 4Q18 Due To Some Uncertainties; Maintain Buy & Lower PT

  • YY: Expect Better 3Q18 Revenue, But Cautious on 4Q18 Due To Some Uncertainties; Maintain Buy & Lower PT

YY will report 3Q18 results on November 12th after the market closes followed by a 9pm EST conference call. Based on our data and model, we believe YY’s revenue is likely to be better than consensus at RMB3.996B, coming in towards the high-end of guidance range of RMB3.89B – RMB4.02B. However, for 4Q18, as China is tightening its control on media and entertainment areas, YY may not expect a huge annual gala, which is likely to weaken its 4Q18 revenue outlook.

About

Contact

Careers

T.H. Capital is an independent research and investment advisory firm specializing in China. We offer 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 the China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
Address:

5E, Tower D, Central International Trade Center, 6 Jianguomenwai Avenue, Beijing 100022, China

Email:

services@thcapital-china.com

Do you enjoy pursuing original research in any aspect of the financial markets and have the ability to present research in a refreshing and captivating manner?
Careers