JOYY Had A Sneaky Good Q2
JOYY(YY) Seeking Alpha·2024-08-30 16:26
Phynart Studio/E+ via Getty ImagesInvestors Still Impatient I’m sure investors have grown impatient with JOYY (NASDAQ:YY) because the stock is languishing in the mid $30s, the company doesn’t pay a dividend anymore, and management hasn’t given us an update on the YY Live sale reversal Baidu (BIDU) initiated in January. Most stocks in the China tech sphere have been decimated in this multi-year bear market. As you can see from the chart, JOYY’s stock has done fine relative to Chinese tech stocks (KWEB) a ...