22.99 +0.04 (0.17%)
After hours: 7:57PM EDT
|Bid||22.85 x 1200|
|Ask||22.95 x 900|
|Day's Range||22.20 - 22.98|
|52 Week Range||14.44 - 50.82|
|Beta (3Y Monthly)||N/A|
|PE Ratio (TTM)||N/A|
|Forward Dividend & Yield||N/A (N/A)|
|1y Target Est||27.52|
The initial filing came almost a year after its biggest competitor, Huya Inc., listed in the U.S. last May. The duo, which operate like Twitch, are China’s top two video-game live-streaming platforms. Both companies are backed by Tencent Holdings Ltd., which plowed more than $1 billion into DouYu and Huya in the past year. DouYu said in the filing that its relationship with Tencent does not restrict the Chinese giant from collaborating with others.
Perpetual Global Innovation Share Fund recently released its March 2019 Quarter Update, which you can track down here. In the report, the fund posted return of 25.6% since inception, and Q1 2019 return of 16.4%, and it also shared its view on the company that was its biggest positive contributor for the quarter, HUYA Inc. […]
Video games have evolved in a multi-billion dollar industry supported by advancement in technology, high-speed connectivity, and customized gadgets.
HUYA Inc. (NYSE:HUYA) is a stock with outstanding fundamental characteristics. When we build an investment case, we need to look at the stock with a holistic perspective. In the case of HUYA, it is a company with...
GUANGZHOU, China , April 10, 2019 /PRNewswire/ -- HUYA Inc. ("Huya" or the "Company") (NYSE: HUYA), a leading game live streaming platform in China , today announced the pricing of ...
Chinese game-streaming company Huya Inc, backed by Tencent Holdings Ltd, raised $327 million (£250.5 million) in a follow-on share offering, two people with direct knowledge of the matter said on Wednesday. Huya, which went public last year in New York, is part of a growing trend of Chinese tech companies returning to capital markets for cash soon after their initial public offering (IPO). Huya sold 13.6 million primary shares at $24 each, the people said, a discount of 1.36 percent to its closing price of $24.33 on Tuesday.
Chinese game-streaming company Huya Inc, backed by Tencent Holdings Ltd, has launched a follow-on share offering of about $343 million to raise funds for investment in its content and e-sports partners. Huya, which went public last year in New York, is part of a growing trend of Chinese tech companies returning to capital markets for cash soon after their initial public offering (IPO). Huya is selling 13.6 million primary shares, the game-streaming firm company said in a stock exchange filing.
Investing.com - Tencent (HK:0700)-backed Chinese game-streaming company Huya Inc (NYSE:HUYA) announced in a stock exchange filing on April 8 that it is launching a follow-on public offering of American Depositary shares (ADS).
Chinese streaming video-gaming company Huya Inc.'s shares tumbled 5% in premarket trade Monday, after it announced the launch of a secondary offering of American Depositary Shares. Huya said it is planning to offer 13.6 million ADS, while a selling shareholder is offering 4.8 million ADS. Proceeds will be used to invest in content and e-sports partners, to strengthen technologies, support overseas expansions and for general corporate purposes. The company went public in May of 2018 at $12 a share. The shares closed Friday at $25.99 and have gained 68% in the year to date, while the S&P 500 has gained 15%.
GUANGZHOU, China, April 8, 2019 /PRNewswire/ -- HUYA Inc. ("Huya" or the "Company") (HUYA), a leading game live streaming platform in China, today announced the commencement of a proposed registered underwritten public offering by the Company and certain selling shareholder of American depositary shares (the "ADSs"), each representing one Class A ordinary share of the Company. The Company proposes to offer 13,600,000 ADSs (the "Primary ADS Offering"), and the selling shareholder proposes to offer 4,800,000 ADSs (the "Secondary ADS Offering" and, together with the Primary ADS Offering, the "ADS Offering").
A year ago, there was talk about how a crashing economy and a trade war was going to tear apart China and spill into the West. Case in point: The iShares China Large-Cap ETF (FXI) the largest China-focused exchange traded fund with more than $6 billion under management, is up 15% since Jan. 1 to slightly outperform the S&P 500 Index’s (SPX) returns. Chinese stocks are looking to build on this success over the past few months, too, on the heels of recent data that showed the nation’s manufacturing sector expanded at the fastest rate in eight months.
There are two ways to view Huya's (NYSE:HUYA) recent stock performance. On the one hand, if you bought HUYA stock last summer, things are still looking rather sour (Huya's stock is down near-50% from its 2018 high).Source: Shutterstock On the other hand, if you bought at the beginning of the year when the market was at peak pessimism, you are already up a cool 74% year-to-date.What explains Huya's incredible volatility? And can the stock's exhilarating gains continue? Let's take a closer look at the business and what makes HUYA stock stand out compared to its Chinese streaming video peers.InvestorPlace - Stock Market News, Stock Advice & Trading Tips Huya's Mission: Connecting GamersA lot of people like to trade Chinese stocks based on momentum, social media gossip, and other such transitory factors. But it can be helpful to take a closer look at the underlying business associated with the ticker symbol. What makes Huya's business unique? Earlier this month, Huya CEO Rongjie Dong participated in the company's first U.S. media event since last year's IPO. Dong described how Huya found its core business:"When League of Legends was all the rage back in 2013 and 2014, users wanted to know why some users excelled and some did not. We spotted the rise in demand by then and developed a business model with which users can watch game streamers play and communicate with them."When asked about the company's sustainable competitive advantage, Dong replied that:"The two important indicators for the competitiveness of content companies are firstly, consistently outputting good contents and secondly, constantly producing more and more good content. The point is how to attract and retain the creators who produce high-quality content to stay on our platform instead of other platforms."As we've seen with Youtube (NASDAQ:GOOG, NASDAQ:GOOGL) and other streaming platforms, the owners can lose a ton of goodwill if they don't treat their content creators well. * 7 Mid-Cap Growth Stocks That Could Be the Next Amazon or Netflix Considering the hugely competitive landscape in China, much more so than the U.S., it's important the Huya is focused here. Additionally, Huya has spent heavily on infrastructure so its live streams of gaming matches arrive faster than the competitions'. Huya's Remarkable GrowthAmerican investors have taken a liking to Chinese streaming video plays. Momo (NASDAQ:MOMO), IQIYI (NASDAQ:IQ), Huya and others have all been hot stocks over the past year.Of those three, however, Huya has been leading the way. Over the past six months, HUYA stock has posted a 14% gain, compared to 15% and 18% losses for Momo and IQIYI, respectively. Year to date, HUYA stock is leading the way, up 74%. MOMO stock is up 58% and IQ stock is up 53%. All have been fine performers, but Huya has been the winner.To understand why, look at revenue growth. Huya managed an absurdly good 103% revenue growth rate last quarter. Momo and IQIYI were no slouches, either, with 50% and 45% revenue growth for their quarters. But Huya is operating on a different level entirely. It's also worth considering that Huya is delivering huge ARPU growth, as its user base was up around 40% yet it managed to more than double revenues.A big part of that came because Huya has been able to convert free users to premium paying members. Huya's premium base grew more than 70% to almost 5 million users. As we've seen with Spotify (NYSE:SPOT), it's pivotal for these sorts of services to be able to up-sell free ad-driven users to subscription recurring revenues if you want to deliver consistent profits. Huya's Economics: Pretty GoodStreaming audio and video companies have notoriously struggled to make money. Even the undisputed global champion, Netflix (NASDAQ:NFLX), took many years to become consistently profitable and still trades at a sky-high P/E ratio. Investors in this space are willing to grant companies a lot of time to build out their user base before turning on the profit spigot.That's what makes HUYA stock even more impressive. Huya is still in its early years. Just look at that 103% revenue growth rate if you need further evidence of the untapped potential still in play in here. Despite that, Huya is already turning out decent positive EPS. Last quarter alone, it earned 11 cents per share.That was way ahead of the Street's 5 cent estimate. Momo, it's worth noting, is also quite profitable. However, it's much larger and more mature overall. Huya, by contrast, seemingly has a higher growth ceiling. IQIYI, for what it's worth, has higher content costs and, as a result, is not expected to become profitable anytime soon. HUYA Stock VerdictHUYA stock got dumped during the rush out of any and all Chinese equities late last year. Even businesses such as the streaming video players, which have nothing to do with international trade, got dragged down by the tariff wars. Investors have woken up to the growth in these names, however, and powered the sector right back up to start 2019.This makes it tough to offer a straight buy or sell call. I hate chasing momentum trades after they've already made huge moves. That said, Huya's business is absolutely booming.All signs point to HUYA stock trading higher by the end of the year. However, the stock is up 74% in three months. HUYA stock looks great on fundamentals, but wait for some sort of dip or correction to get in. * 7 Dividend Stocks With Double-Digit Increases Or, alternatively, consider selling puts on HUYA stock to either earn income or get a long position established at a better price.At the time of this writing, Ian Bezek held no positions in any of the aforementioned securities. You can reach him on Twitter at @irbezek. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 8 Genomic Testing Stocks That Can Ease the Sting of Theranos * 4 Pot Stocks That Could Be Fizzling Out * 7 Mid-Cap Growth Stocks That Could Be the Next Amazon or Netflix Compare Brokers The post Red-Hot Huya Stock Is a Buy … on Every Dip appeared first on InvestorPlace.
A pair of popular Chinese live-streaming platforms are among this year's biggest winners, but one offers more compelling risk and valuation advantages over the other.
BOSTON, March 14, 2019 /PRNewswire/ -- The CEO of Huya (HUYA), the first and largest publicly listed game live streaming platform in the world, shared insights at IMPACT ASIA: 2019 MIT Asia Business Conference through a unique video Q & A session on March 2nd, 2019. Following Huya's successful IPO on the NYSE in May 2018, this was the company's first public event they have participated in within the US as they gear up for rapid international expansion. One of the key questions MBA students at MIT had for Huya's CEO Rongjie Dong was how the company evolved from a startup to becoming the first Chinese company listed on the NYSE in the industry.
Can China Manage Growth without Fueling a Debt Crisis?(Continued from Prior Part)Chinese consumers The Chinese economy (FXI) has been shifting from being led by investments to being driven by consumption. China’s consumption accounts for over
Why NIO Stock Tanked after Its Q4 2018 Earnings Release(Continued from Prior Part)NIO’s Q4 updates Chinese electric carmaker NIO (NIO) has become popular in the Chinese premium electric car vehicle segment in a very short period. The company was
The markets took a hit on Wednesday, with small caps leading the charge lower. Is it a sign of things to come? We're definitely taking notice with the recent weakness and whether that will escalate to more selling pressure in the coming days. With that in mind, here are the top stock trades to watch going into Thursday.For those looking General Electric (NYSE:GE) and Huya (NYSE:HUYA), we covered both on Tuesday, here. Top Stock Trades for Tomorrow 1: NioInvestorPlace - Stock Market News, Stock Advice & Trading TipsInvestors aren't too receptive of Nio's (NASDAQ:NIO) earnings results, as shares plunge about 20% in response to its fourth-quarter report. On the bright side -- if we can call it that -- Nio stock is still above $8 a share. * 6 Underrated Stocks to Buy for 2019 $6 to $8 was a key range for Nio from October through February. If Nio stock can stay north of $8, bulls will have something to find comfort in. With this poor reaction though, it may be hard to imagine Nio staying over this mark. Let's see how it shapes up going into the weekend. Below $8 and $7.50 is on the table. Should that mark and the 50-day fail to support Nio, a decline to $6 support may be in the cards. Top Stock Trades for Tomorrow 2: Abercrombie & FitchOn the flip side, we have Abercrombie & Fitch (NYSE:ANF) rallying 21% after better-than-expected Q4 earnings.No one likes to chase a stock up 20%, but as we'll see in a moment, sometimes that just means more gains are on the way. In the case of ANF, look for a slightly lower open on Thursday that quickly goes green. Should it do so, it could spark a continued rally and leave late-to-the-party bulls with a favorable risk/reward.If it works its way up to $28 over the next few days or weeks, look for this level to be resistance. Top Stock Trades for Tomorrow 3: RokuSo what stock goes up 20% and then just keeps going? Look no further than Roku (NASDAQ:ROKU). (Although to be fair, the stock rallied more than 25% the day after earnings).Interestingly, this stock initially fell in after-hours trading on its earnings day and was only up a few perfect the next morning, before gaining some early momentum and surging higher. After closing a bit under $65 on day one, we're up almost another 10% in Roku, which received not one but two notable upgrades on Wednesday.As much as I love Roku (and I really do for the long term), this move has been frighteningly strong. Should it push up to $75 or so, it will likely be met with profit taking. Ultimately, I want to see $65, a key level in the past and notable post-earnings mark over the last few weeks, hold up as support. Top Stock Trades for Tomorrow 4: Dollar TreeBuyers had to be convinced, but after a soft open on Wednesday, Dollar Tree (NASDAQ:DLTR) has been trending higher all day, up more than 5% after better-than-expected earnings.The rally thrusts DLTR over $100, a key resistance mark over the past year. If DLTR can't hold this rally, look for the 50-day to act as support. This mark was a springboard for Dollar Tree on Wednesday. Just below it is the backside of prior uptrend resistance.I want to see a further rally and/or consolidation in DLTR above $100 in the next few sessions. If so, it will increase the likelihood of a continued rally in the stock. If the markets don't hold up and weigh on DLTR's ability to rally, watch the 50-day. Top Stock Trades for Tomorrow 5: MicronAnalyst concerns over memory pricing hit Micron (NASDAQ:MU) to the tune of almost 5% on Wednesday.The writing was on the wall with this one. Uptrend support (blue line) gave way at the end of February and the subsequent retest of this level failed. That was a huge red flag and it's no surprise MU is under pressure Wednesday, news or no news. * 9 Trade War Stocks to Sell on U.S.-China Deal News The 50-day is support for now, but look out if it gives way. A drop to $34 wouldn't be out of the question if that's the case. For me, MU isn't safe unless the 50-day holds and it gets back above the 21-day. Even then, there are better setups out there.Bret Kenwell is the manager and author of Future Blue Chips and is on Twitter @BretKenwell. As of this writing, Bret Kenwell is long ROKU. More From InvestorPlace * 2 Toxic Pot Stocks You Should Avoid * 9 Blue-Chip Stocks That Will Lose You Money * 7 Cheap Stocks Under $5 That Could Soar * 7 Stocks Under $10 You Shouldn't Buy Compare Brokers The post 5 Top Stock Trades for Thursday: NIO, ANF, ROKU, MU, DLTR appeared first on InvestorPlace.