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19-11-2022, 12:45 AM
An interesting net-net company I have come across in the US market.
Its the tencent e game streaming subsidary called Huya Inc.
Its latest reported balance sheet shows much of its assets are in short term deposits and cash (US$1.5 billion). Netting off its total liabilities of US$ 330 million, this means Huya has US$1.170 billion. Its current market cap is US$585 billion. This means the market is valuing it at half of its short term deposits + cash after netting off total liabilities
Link: https://ir.huya.com/2022-11-15-HUYA-Inc-...al-Results
I wonder what risk is the market valuing it under, until it is a net-net stock. Fraud or other factors.
<Not vested just browsing the US listed China list>
Its the tencent e game streaming subsidary called Huya Inc.
Its latest reported balance sheet shows much of its assets are in short term deposits and cash (US$1.5 billion). Netting off its total liabilities of US$ 330 million, this means Huya has US$1.170 billion. Its current market cap is US$585 billion. This means the market is valuing it at half of its short term deposits + cash after netting off total liabilities
Link: https://ir.huya.com/2022-11-15-HUYA-Inc-...al-Results
I wonder what risk is the market valuing it under, until it is a net-net stock. Fraud or other factors.
<Not vested just browsing the US listed China list>