YY Stock Recent News

JOYY's second quarter results release in late August is unlikely to throw up positive surprises, as I think that YY's Q2 performance will be as weak as what the market expects. On the other hand, YY had indicated that it might buy back more of its own shares in the second quarter of the current year. I stick with my existing Hold rating for YY, after taking into consideration JOYY's expected second quarter results and the possibility of more aggressive buybacks.

JOYY Inc.'s outlook for 2023 is unfavorable, considering expectations of marginal revenue expansion and operating margin compression. But corporate actions like sustained shareholder capital return and the completion of YY Live's divestment are potential re-rating catalysts for JOYY.