The analysts point out that 17LIVE’s monthly active users (MAU) will begin its recovery with a growth rate of around 10% in FY2024 from new content offerings in Southeast Asia, product enhancements and reinvestment into marketing.
PhillipCapital analysts Liu Miaomiao and Paul Chew have initiated “buy” on live-streaming company 17LIVE with a target price of $2.30.
In a paid April 8 report, the analysts expect 17LIVE’s revenue growth to resume its upwards trajectory in FY2024. “After declining for three years, we expect revenue to stabilise this year, and return to full-year growth in FY2025,” they add.
