According to our most recent quarterly analysis, we maintain a positive view given YY Inc.’s (NASDAQ:YY) solid growth prospects. The online gaming industry in China is becoming more popular as an ever increasing number of adults are actively playing online games. A few leading players/current market leaders include NetEase (NASDAQ:NTES), Changyou (NASDAQ:CYOU), Shanda Games (NASDAQ:GAME), Tencent Holdings, etc. We believe that YY Inc. should benefit from the increasing acceptance of the online gaming industry in China, especially given its right entry timing.
YY’s stock price gained 195.9% over the last six-months, just following Qihoo’s (NASDAQ:QIHU) growth of 205.0%, the top performer within the NASDAQ QNET companies. YY’s addictive-client model with dedicated players leads to stickiness in the relationship. In addition to this, since the plane has just taken off from the ground, the inclination is much higher in comparison to already high-flying planes. We the bulls at Amigo have added the stock to our positive watch list given the company’s lower valuation and high growth prospects.
To see YY Inc’s latest stock price movement, check YY stock charts.
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