Daiwa Reiterates Buy for TENCENT & NETEASE; Mkt Sentiment Will Take Time to Recover
Following the release of the "Measures for the Administration of Online Games (Draft for Comments)" by China's NPPA, authorities are taking remedial steps, including approving new domestic game licenses for December and engaging with game companies.
Daiwa's research report suggests that authorities acknowledge the impact of controversial draft clauses and are working to address concerns. TENCENT and NTES-S express limited impact on their operations and plan to provide feedback.
While the market sentiment may gradually recover, regulatory uncertainty could persist, leading to a cautious investor outlook.
Despite the challenges, Daiwa maintains a Buy rating on $TENCENT (00700.HK)$ and $NTES-S (09999.HK)$ , advising investors to consider buying on dips.
Disclaimer: Community is offered by Moomoo Technologies Inc. and is for educational purposes only.
Read more
Comment
Sign in to post a comment
careful Platypus_542 : exited my tencent position. cant rely on the policy makers.
Detached House : Take 10 yrs?
Jas L Detached House : Ya I cut loss n exited my position too
933199333 : Difficult to control. Alway there is loophole.![[undefined]](https://static.moomoo.com/nnq/emoji/static/image/default/default-black.png?imageMogr2/thumbnail/36x36 "undefined")