HUYA: Adding Huya to Investing Ideas (Short Side)

06/17/20 03:23PM EDT

Hedgeye CEO Keith McCullough is adding Huya (HUYA) to the short side of Investing Ideas. Below is a brief note.

Looking to broaden your exposure to Chinese Shorts on green today? In addition to shorting more YY, Felix Wang likes HUYA (not booyah) on the short side!

Here's a quick summary note from China analyst Felix Wang's recent Institutional Research notes on why:

"As we mentioned in our Short HUYA presentation last week, HUYA is losing the support of the top anchors which is a key concern.  HUYA only accounted for ~10% of the top livestreaming anchors (earned >3m RMB per month) since February 2020.  It can't afford to lose any more of its top anchors."

We sell things on green... because we had the patience in our #process to wait for it,

KM 

 

© 2024 Hedgeye Risk Management, LLC. The information contained herein is the property of Hedgeye, which reserves all rights thereto. Redistribution of any part of this information is prohibited without the express written consent of Hedgeye. Hedgeye is not responsible for any errors in or omissions to this information, or for any consequences that may result from the use of this information.