After the market closed, freshly spun off from YY, Huya, crushed numbers — sending the stock way up. You have nothing to say — because I bit your face off like the Miami Zombie. You’re all reading this shit — thinking this or that — but lack the internal fortitude to say anything. Do you know why you stay silent? Because you can’t compete.
Recent IPO HUYA lifting in extended trade following earnings/guidance (no estimates) (29.72 +0.02)
Reports Q1 Non-GAAP net income of RMB67.6 mln (US$10.8 mln) vs non-GAAP net loss of RMB34.7 mln in the same period of 2017. Total net revenues +111.5% to RMB843.6 mln (US$134.5 mln). Total number of paying users reached 3.4 mln, representing an increase of 34.9% from 2.5 mln in the first quarter of 2017.
Expects Q2 total net revenues +110.2-116.7% y/y to RMB970 -1,000 mln. In addition, the Company expects to have a fair value loss on derivative liabilities of preferred shares amounting to ~ RMB2.3 bln due to an increase in enterprise value indicated by the price of the initial public offering.
YY reported and beat too.
YY beats by $0.18, beats on revs; sees Q2 revs +38-41.8% y/y (121.00 +1.01)
Reports Q1 (Mar) earnings of $1.72 per ADS, excluding items, $0.18 better than the Capital IQ Consensus of $1.54; revenues of $518 mln vs the $489.3 mln Capital IQ Consensus.
Business Outlook: Expects Q2 net revenues of RMB3.6 billion and RMB3.7 billion, representing a year-over-year growth of 38.0% to 41.8%. In addition, the Company expects to have a fair value loss on derivative liabilities, which is related to preferred shares of HUYA Inc. (HUYA) amounting to ~RMB2.3 billion due to an increase in HUYA Inc.’s enterprise value as indicated by the price of its initial public offering, which will cause a negative net income attributable to YY Inc. in the second quarter of 2018.
What does this mean for us?
Chinese stocks are gonna be fire tomorrow. I’m talking BILI, IQ, HUYA, YY — as well as my new positions SOGO and QD. The whole sector’s gonna be lit.
Then, after the close, MDB is gonna fucking crush to the upside. Shorts are gonna get their heads ran over by speeding motor cycles and I’m gonna be laughing at them from the back of my 1980s style stretch limo, as their brains spill out onto the curb.
That’s the game plan. No one can stop it.
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Dr Copper is slightly poking up too. Nothing says burrito time like a true Chinese copper penny. They say.
I’m speechless
HUYA is a beast. Le Fly wins again $$$$ Crushin it lately like OA!