JOYY: Deep Value in a Scaling Ad Stack - A Long Idea with Dividend Kick
JOYY trades at a cheap valuation (P/B ~0.57, P/E ~17.8) despite improving technicals, an expanding BIGO footprint and a 6.4% yield. We outline a long trade with a $74.60 entry, $66 stop and $95 target over a long-term (180 trading days) horizon, plus mid-term profit-taking levels. Key risks include ad-market cyclicality, regulatory exposure in Asia…