|Bid||0.00 x 900|
|Ask||0.00 x 3200|
|Day's Range||22.10 - 23.86|
|52 Week Range||15.25 - 50.82|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||29.67|
NEW YORK, NY / ACCESSWIRE / October 8, 2018 / U.S. equities plunged on Friday as concerns over rising interest rates countered upbeat economic data. U.S. unemployment rate dropped to 3.7 percent, its lowest ...
Tencent’s (TCEHY) revenue rose at a three-year CAGR (compound annual growth rate) of 44% to 237.8 billion yuan ($36.4 billion) in fiscal 2017. The revenue growth accelerated from 30% in fiscal 2015 to 56% in fiscal 2017. Online advertising’s revenue contribution increased from 11% in fiscal 2014 to 17% in fiscal 2017. The revenue increased by 39% to 147.2 billion yuan ($22.2 billion) in the six months ended June 30, 2018. Online advertising generated 16%–17% of the company’s revenue for the periods. Tencent Video has been the primary revenue driver of online advertising. What drove the costs?
I am going to run you through how I calculated the intrinsic value of HUYA Inc (NYSE:HUYA) by taking the expected future cash flows and discounting them to today’s value. Read More...
This article is a part of InvestorPlace’s Best ETFs for 2018 contest. Robert Waldo’s pick for the contest is the ETFMG Video Game Tech ETF (NYSEARCA:GAMR). As we close in on the end of the year, it’s starting to look like my pick for InvestorPlace’s Best ETFs for 2018 contest — ETFMG Video Game Tech ETF (NYSEARCA:GAMR) — won’t be coming out on top.
With a 52-week high just over $50 and with the stock now under $25, JD stock is officially down more than 50% from its January highs. At the moment, analyst expect insane revenue growth of 58% this year and almost 40% in 2019.
GUANGZHOU, China, Sept. 7, 2018 /PRNewswire/ -- HUYA Inc. ("Huya" or the "Company") (HUYA), a leading game live streaming platform in China, today announced that it will operate a newly-established e-sports team and join the Overwatch LeagueTM, the first major global professional e-sports league with city-based teams across Asia, Europe, and North America. This Chengdu-based new team will join the Overwatch League for the start of its 2019 season. This business collaboration between Huya and the Overwatch League reaffirms Huya's strategic focus on e-sports.
On one hand, the US is initiating a trade war against China, and the Chinese government has launched a crackdown on online gaming companies. Optimistic revenue and earnings estimates continue to drive the valuations of Chinese tech stocks despite the loss in stock value. Tencent Holdings (TCEHY) last traded at a 29% discount to its 52-week high price.
Huya’s (HUYA) revenue rose 174% to 2.2 billion Chinese yuan ($335.8 million) in 2017. Huya’s cost of revenue rose 76% to 1.9 billion yuan ($296.6 million) in 2017. Huya’s operating expenses rose 9% to 359.4 million yuan ($55.2 million) in 2017.
Huya’s (HUYA) revenue rose 119% in the six months that ended on June 30 to 1.9 billion Chinese yuan ($284.4 million). Its live-streaming and advertising and other revenue drove its revenue growth at rates of 116% and 172%, respectively.
Huya’s (HUYA) operating income fell 4% and 2%, respectively, in the second quarter of 2017 and the second quarter of 2018. As a result, its operating margin turned negative in the second quarter. Its operating income fell 233% sequentially.
Huya’s (HUYA) cost of revenue rose 116% YoY (year-over-year) to 872 million Chinese yuan ($131.8 million) in the second quarter. Revenue-sharing fees, content costs, and bandwidth costs drove the company’s cost of revenue, consuming a combined 84% of revenue compared to 88% in the second quarter of 2017. Huya’s revenue-sharing fees and content costs rose 130% to 661.2 million yuan ($99.9 million) due to higher virtual item sales and recurrent expenditure on e-sports content and content makers.
Huya (HUYA) spun off from Chinese video-streaming company YY (YY) in May. YY has an ownership of 45% in the video game live-streaming platform. Tencent Holdings (TCEHY) is Huya’s second-largest investor.
The worldwide gaming and interactive media market is expected to reach the $139.1 billion and $168.8 billion marks in 2019 and 2020, respectively. Gaming video content (or GVC) viewership is more than twice the size of the US population. GVC viewership is projected to reach 743 million in 2019 from 701 million in 2018.
Chinese stocks are in a bear market. The two largest Chinese internet companies have also entered bear market territory. The first is that Chinese internet stocks are some of the highest growth stocks in the world.
China live streaming game platform Huya (NASDAQ:HUYA) reported mixed second quarter numbers that featured an earnings meet, revenue beat, and a weak guide. The mixed quarter wasn’t enough to satisfy bullish Huya shareholders, and Huya stock dropped more than 10% in response to the numbers. All of China tech is getting slaughtered right now.
Chinese stocks remain under pressure and a big cannabis deal took place. It’s been tough sledding for Alibaba (NYSE:BABA) and quite frankly, the rest of the U.S.-traded Chinese stocks. Trading at less than 28 times earnings, with nearly 60% revenue growth this year and +20% earnings growth, Alibaba is one of the strongest Chinese tech stocks around.
What does that do for our top trades? After a heroic run from $12 to $50, Huya (NYSE:HUYA) has had trouble gaining traction to the upside. Support gave way though, as HUYA fell 15% Tuesday after the company reported earnings.
MARKET PULSE Shares of various Chinese internet names are down sharply in Tuesday's session, after several companies delivered disappointing earnings commentary and as the Turkey crisis continues to weigh on emerging markets.
MARKET PULSE Shares of Chinese game-streaming company Huya Inc. (huya) are down 15% in Tuesday morning trading after the company posted in-line results, but analysts said that the company's margins may be a concern in the near future.
Worth a closer look today are stock charts of Micron Technology (NASDAQ:MU), Tapestry (NYSE:TPR) and PPL (NYSE:PPL). Micron Technology was all the rage in 2017, and even into early 2018. The weekly chart of MU illustrates just how much ground was gained since late 2016, pointing to how much ground could be given back if the last of the key technical support lines buckles.
GUANGZHOU, China , Aug. 13, 2018 /PRNewswire/ -- HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game live streaming platform in China , today announced its unaudited financial ...