Morgan Stanley: To NetEase (NTES.O) target price of 140 US dollars, rating overweight

$NetEase (NTES.US)$ Morgan Stanley published a research report stating that NetEase (NTES.O) continues to promote competitiveness through content and technological innovation, coupled with rising industry barriers, it is optimistic about the company's prospects. According to the industry, NetEase has a clear game release schedule. Diablo Immortal and The Lord of the Rings will be launched in the first half of next year. The international version of "Harry Potter Magic Awakening" is expected to be launched in the second quarter of next year. In addition, Roblox-like games are expected to be launched in the first quarter. Platform etc. Morgan Stanley believes that NetEase’s game revenue in the international market will increase from the current 10% to at least 30% within three to five years. It is believed that global well-known IPs such as Harry Potter, Diablo and The Lord of the Rings will help the company to enter the international market next year. The market has given a target price of US$140 with a rating of overweight.

Article excerpted from the US Stock Research Agency