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JOYY Is A Buy Despite YY Live Deal Cancelation
YYJOYY(YY) Seeking Alpha·2024-01-23 08:40

SOPA Images/LightRocket via Getty Images Introduction In the last 7 months of 2023, JOYY (NASDAQ:YY) stock increased 60%. It was fueled by JOYY's strong buyback and increased net income margins despite declining sales. Despite being a Singapore-domiciled company with most of its sales outside of mainland China, JOYY has historically been correlated to the Chinese market. Therefore, the rising stock during this Chinese bear market was notable. 2024 has been a different story for JOYY because, at the start of ...