Huya assumed with Neutral from Buy at UBS » 05:1109/2909/29/22
UBS analyst Felix Liu…
UBS analyst Felix Liu downgraded Huya to Neutral from Buy with a price target of $2.90, down from $27, after assuming coverage of the name. The analyst expects 2022 to be a challenging year for Huya due to macro weakness and live- streaming regulations "affecting the budgetary intentions of top-spenders." He expects more pressure on sales in the second half of 2022 on the full-quarter impact from new regulations, in place from June. Cost pressures continue to weigh on the company's margins, Liu tells investors in a research note.
|Over a month ago|
U.S., China near deal that may prevent Chinese company delistings, WSJ says » 11:1008/2508/25/22
BABA, TCEHY, TAL, EDU, PDD, JD, NTES, KC, HUYA, DOYU, BILI, BEKE, YY, ZH, TCOM, IQ, VIPS, DDL, BZUN
The U.S. and China are…
The U.S. and China are nearing an agreement that would allow American accounting regulators to travel to Hong Kong to inspect the audit records of Chinese companies listed in New York and regulators in Beijing are making arrangements for U.S.-listed Chinese companies and their accounting firms to transfer their audit working papers and other data from mainland China to Hong Kong, which could prevent many Chinese companies from being delisted from American stock exchanges, according to The Wall Street Journal's Keith Zhai, citing people familiar with the matter. Chinese company stocks that trade in New York include Alibaba (BABA), JD.com (JD), Baidu (BIDU) Kingsoft Cloud (KC), Huya (HUYA), DouYu (DOYU), Dada Nexus (DADA), Baozun (BZUN), Bilibili (BILI), Pinduoduo (PDD), KE Holdings (BEKE), Joyy (YY), NetEase (NTES), Zhihu (ZH), Trip.com Group (TCOM), iQIYI (IQ), Hello Group (MOMO), Vipshop (VIPS), Dingdong (DDL) and Tencent (TCEHY). Reference Link
Huya falls -9.4% » 10:0008/1708/17/22
Huya is down -9.4%, or…
Huya is down -9.4%, or -33c to $3.19.
Huya downgraded to Neutral at Citi with more losses seen in second half » 05:5308/1708/17/22
Citi analyst Brian Gong…
Citi analyst Brian Gong downgraded Huya to Neutral from Buy with a price target of $4, down from $6, after the company reported Q2 results. He expects Huya to record more loss in the second half and expects live streaming revenue to sequentially decline by 3% in Q3, said Gong, who adds that he expects content costs to be more rational ahead with the scaling back of content investment in the industry, which will likely result in a margin recovery in 2023.
Huya downgraded to Neutral from Buy at Citi » 05:5008/1708/17/22
Citi analyst Brian Gong…
Citi analyst Brian Gong downgraded Huya to Neutral from Buy with a $4 price target.
Huya reports Q2 EPS (1c), consensus (3c) » 05:0708/1608/16/22
Reports Q2 revenue…
Reports Q2 revenue $339.68M, consensus $337.78M. Average mobile MAUs of Huya Live for Q2 increased by 7.7% to 83.6M from 77.6M for the same period of 2021. Total number of paying users of Huya Live for Q2 was 5.6M, compared with 5.6M for the same period of 2021. "Our steady focus on content enrichment and product upgrades continues to drive value for our users and pave the way for our sustainable, long-term growth. For the second quarter of 2022, Huya Live's mobile MAUs maintained solid momentum, growing 7.7% year-over-year to 83.6 million," said Rongjie Dong, CEO of Huya. "While the turbulence in the macro and regulatory environment has decelerated our monetization in the short term, we remain confident in the broad-based strength of our solid business foundation that underpins our ability to satisfy our users' core needs. As a leader in the game live streaming market in China, we are constantly iterating our technology and products to provide high-quality, compliant content for our users and amplify our value proposition with our stakeholders across the game industry value chain."
|Over a quarter ago|
Huya price target lowered to $6 from $6.80 at Citi » 06:0805/1805/18/22
Citi analyst Brian Gong…
Citi analyst Brian Gong lowered the firm's price target on Huya to $6 from $6.80 and keeps a Buy rating on the shares following the Q1 results. The analyst says that despite headwinds, he keeps a Buy rating due to Huya's strong cash and stronger position in the vertical.
Huya price target lowered to $4.60 from $5.70 at Daiwa » 04:5705/1805/18/22
Daiwa analyst Carlton Lai…
Daiwa analyst Carlton Lai lowered the firm's price target on Huya to $4.60 from $5.70 and keeps an Outperform rating on the shares following the Q1 results. Average revenue per user is under pressure due to the macro environment and regulations but the company's user metrics "remain resilient," Lai tells investors in a research note.
Huya downgraded to Hold from Buy at HSBC » 14:0405/1705/17/22
HSBC analyst Ritchie Sun…
HSBC analyst Ritchie Sun downgraded Huya to Hold from Buy with a price target of $4.20, down from $6.50. The company's Q1 beat estimates, but "multiple headwinds," including the macro slowdown, regulation and changing overseas strategy "dampen" its outlook, Sun tells investors in a research note. The analyst turned more conservative and cut sales estimates by up to 10% through 2024. Instead of monetization, Huya is focusing on cost control and regulatory compliance, notes Sun.
Tencent to shut down Penguin Esports on June 7, CNBC reports » 07:4804/0704/07/22
TCEHY, AMZN, HUYA, DOYU
Tencent (TCEHY) is…
Tencent (TCEHY) is shuttering its Penguin Esports video game streaming platform, citing a change in business strategy, CNBC's Arjun Kharpal reports. The move comes months after regulators in China shut down a multibillion dollar merger between Huya (HUYA) and DouYu (DOYU), two live streaming platforms Tencent has a significant stake in, which would have made Tencent a major player in video game live streaming as it looked to compete with Amazon's (AMZN) Twitch. Penguin Esports will shut down on June 7. Reference Link