2024-04-09 16:31:30 ET
Summary
- The unfavorable factors for JOYY Inc. include the risk of profit margin compression this year and the termination of the YY Live divestment transaction.
- JOYY Inc.'s key positives relate to the high likelihood of an increase in share buybacks and the good chance of a return to positive revenue growth in 2024.
- I keep my Hold rating for JOYY stock intact, after assessing the pros and cons of a potential investment in the shares.
Elevator Pitch
I have a Hold investment rating for JOYY Inc. ( YY ) stock.
My previous write-up published on December 9, 2023, looked at the company's Q4 2023 revenue guidance and the extension of the expiry date for its share repurchase program. In the current update, I outline the major positives and negatives for YY shares now....
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JOYY Stock: Pros And Cons Of Investing Now