Goldman Sachs Expects Chinese Language Social Media Stocks To Climb Double-Digits On Livestreaming

Goldman Sachs predicts two U.S.-listed Chinese stocks, Momo and YY, will surge double-digits on the rapid growth of the video livestream market there.
Among other major Chinese stocks, Goldman Sachs has a conviction buy rating on Alibaba and buy ratings on Baidu, Ctrip,, NetEase, Tencent and Vipshop.
The Goldman analysts also noted pressure from Chinese regulators could also quickly turn sentiment around.
“Messaging app Momo has a strong existing social network, while YY has “solid content generation capability,” the analysts said.
To be sure, both stocks tend to be volatile and are based on business models sensitive to consumer sentiment.

Read more on: