YY YY ADS (N Shares)

YY: T. H. Data Flash - YY Inc. – June 2017: Expect Strong Performance in 2Q17; Maintain Buy Rating & Raise PT

Based on our proprietary data for 2Q17, we believe YY’s revenue is likely to reach RMB2.58B, better than consensus at RMB2.48M and guidance range of RMB2.45B - RMB2.55B (the guidance was given on May 10, 2017).

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​T.H. Capital is an independent research and investment advisory firm specializing in China. We offers real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects; from China ADRs to international names that have meaningful exposure to China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.

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