Replies to post #115 on Equity Field Notes from temporal sources

[DanWebzster]

YY (update)

YY continues to languish while it's HUYA spinout flourishes.

YY MC = ~$6.5B. HUYA MC = ~$6B. At 48% ownership, the market is valuing YY at ~$3.6B ( less than 10x earnings)

Plus YY has ~$2B in cash

The drag on YY equity has to do with its agreement with TCEHY to have the option of acquiring a total of 50.1% ownership of HUYA

If TCEHY takes this option, YY ownership of HUYA would be reduced to 30%; but, their cash position would increase accordingly.