Fly News Breaks for September 20, 2019
YY
Sep 20, 2019 | 08:57 EDT
UBS analyst Jerry Liu upgraded YY to Buy from Neutral, stating that he thinks the market is too pessimistic about YY Live, its showroom live streaming business in China, and Bigo, the company's international live streaming, short-video and social-networking business. He thinks a deceleration in showroom growth is more likely than an extreme decline in growth and margins, said Liu.
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