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Fly News Breaks for November 13, 2018
HUYA, YY
Nov 13, 2018 | 09:11 EDT
Benchmark analyst Fawne Jiang said YY (YY) reported "solid" Q3 results but she expects YY Live to face growth headwinds given limited visibilities into its new strategic initiatives. However, Jiang sees Huya (HUYA) maintaining robust growth momentum given the significant opportunities in the game live streaming and e-sports markets. She keeps a Buy rating on YY shares, as she views the stock as a value play for longer-term oriented investors, but lowered her price target on the stock to $106 to account for her lowered estimates.
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