$JOYY (YY.US)$The stock price has increased 25.8% since it w...

The Singaporean company, which was listed in 2012, is mainly engaged in the live streaming business. The main markets are China, Southeast Asia and the Middle East. The current price is 32.92.

In the past 5 years, revenue increased sharply in 2019, then shrank by 7.9% in 2022. Operating profit was not reversed until 2022 by drastically reducing expenses. Net profit was significantly profitable in 2019 and 2020 by stopping operating profit, losses in 2021, and reached 102 million in 2022 due to sales of securities. There is no interest burden. The gross margin increased from 12.5% to 35.3% in the past 5 years, while the return on net assets was only 2.2%.

In the first three quarters of 2023, revenue shrank by 6%, operating profit shrank sharply by 53.5%, and net profit from interest income and sales of securities reached 230 million.

Currently, the price-earnings ratio is 20.6, and the price-earnings ratio TTM loss (the loss was seriously affected by equity income in 2022/Q4). Due to recent huge fluctuations in the absolute values of equity income, income from sale of securities, and impairment, profit predictability is very poor, so wait and see.