Does Huya Have A Born Again Life?

by portland6 | July 14, 2023 9:15 pm

By most metrics HUYA should be much higher than its current $3.28 USD close of July 14, 2023 – wasn’t too many months ago it was bumping early $30 USD with eyes set on > $45… am I living in the past or justified in expectation of a richer valuation?

Source URL: https://www.stockgumshoe.com/2023/07/microblog-does-huya-have-a-born-again-life/

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Travis Johnson, Stock Gumshoe

July 14, 2023 10:31 pm

Haven't been following that one --- certainly far below its 2021 highs, along with lots of other Chinese and tech stocks, though it also looks like the business is in some decline. What do you like about HUYA?

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portland6
July 15, 2023 6:50 pm
Delayed Momentum... at the micro level not a lot has changed in the HUYA story since it was being touted as a $40 - $45 USD ADR... TCEHY owns roughly 47% ... it is still the leading live streaming in China... the new chairman of Tencent appointed in May 2023 is placed to bring better synergies between gaming and live streaming and create greater value in key assets which include HUYA at the front of line... the issue of uncertainty hangs over many Chinese stocks - with a long enough time horizon HUYA should (famous words of hope) dramatically increase value - the question is "time" and the opportunity cost associated with latent capital for the next xx years
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Does Huya Have A Born Again Life?

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