J.P. Morgan launches investment Report today to give YY shares an overweight rating

Summary: Check the latest quotes Beijing time, August 30 Evening News, JPMorgan released its investment report today, giving the NASDAQ:YY stock to increase its rating to set the target price of 47 U.S. dollars. The following is a summary of the contents of the report: The gathering time has a rich media

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Beijing time, August 30 Evening News, JPMorgan released its investment report today, giving the "overweight" rating of Nasdaq:yy shares, the target price set to 47 U.S. dollars.

The following is a summary of the contents of the report:

The gathering time has a rich media platform, allows the user to carry on the large-scale real-time communication. At present, the gathering times mainly through games, music and membership services to obtain revenue. At the same time, the era of commercialization is expanding in other areas such as education, which will boost corporate revenue in the coming years.

Differentiated business model: In the rich Media communications social networking market, the gathering era has established a leading position. Its revenue model is mainly based on the provision of value-added services to enhance the use of digital content consumption experience. We believe that the business model can be easily ported to other vertical areas. We believe that commercialization in the field of education will become the core catalyst for the stock of the era.

Powerful social platform: a larger scale, more interactive users to the era of the future commercialization of a solid foundation. The ecosystem created by the system enhances the entry threshold for competitors.

Core drivers: In addition to the advantages of technology and users, the growth of the gathering time also benefited from: 1 new areas of commercialization, such as education, 2 online music program Live market development; 3 from the web game to other game types of expansion.

Valuation: We give the "overweight" rating of the Gathering time stock and set the target price at $47.