HUYA - HUYA: Turning Positive On Results Beat And Special Dividend (Rating Upgrade)

2024-03-20 12:46:41 ET

Summary

• HUYA's actual revenue and bottom line for the most recent quarter were better than what the sell-side analysts had forecasted.
• The company declared a special dividend of $0.66 per ADS to be paid in May, and it stepped up its share buybacks in the fourth quarter of 2023.
• I have turned bullish on HUYA, after taking into account its above-expectations top line performance and its latest shareholder capital return moves.

Elevator Pitch

I rate HUYA Inc. ( HUYA ) shares as a Buy.

My prior November 15, 2023 write-up reviewed HUYA's financial performance for the third quarter of last year. The current update analyzes HUYA's recently announced Q4 2023 financial numbers....

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