Forget Alibaba and JD.com: This Little-Known Chinese Stock Is on Fire
Chinese stocks have done reasonably well in 2017, with the Shanghai Composite Index up about 10%. Yet that's lower than the 15% return of the S&P 500, and when compared with emerging markets overall and the MSCI EM Index's 25%-plus return, China's stock market has underperformed.
However, it's been a strong year for stocks of Chinese companies listed in the United States through American depository shares (ADS). High-profile Chinese companies such as Alibaba (NYSE: BABA) and JD.com (NASDAQ: JD) have provided investors year-to-date returns of 106% and 52% as of this writing. Even better, shares of social-media live-streaming platform provider YY (NASDAQ: YY) have blown both out of the water. Below, you'll find what you need to know about this company.
Source: Fool.com
JOYY Inc. ADR Stock
JOYY Inc. ADR is currently one of the favorites of our community with 7 Buy predictions and no Sell predictions.
As a result the target price of 45 € shows a positive potential of 43.31% compared to the current price of 31.4 € for JOYY Inc. ADR.
