Hong Kong Shares 0.9% Lower, Tracking Wall Street's Declines -- Market Talk
What's Going On With NetEase (NTES) Stock?
Furui: Monthly game approvals in mainland China have entered the right track. Tencent is the preferred industry leader (00700).
Furui rates Tencent, XD Inc, and Netease as 'buy', with Tencent as the top pick.
Netease-S (09999.HK) will hold a board of directors meeting on August 21 to approve the second quarter performance.
Netease-S (09999.HK) announced on August 5th that the board of directors will hold a meeting on August 21st, 2024, approving the unaudited performance and announcement of the second quarter and first half of 2024 ending on June 30th, 2024, as well as distributing the proposal of quarterly dividend.
NTES-S: DATE OF BOARD MEETING AND DATE OF PUBLICATION OF RESULTSANNOUNCEMENT FOR THE SECOND QUARTER AND FIRST HALF OF 2024
NetEase to Report Second Quarter 2024 Financial Results on August 22
Hong Kong Stock Concept Tracking | Game version numbers issued in August! The supply side is steadily improving, driving the continued recovery of the industry's business climate. (Attached concept stocks)
On August 2nd, the website of the National News and Publishing Administration updated the approval information for imported online games in August 2024, with a total of 15 games approved, including Tencent's Rainbow Six and Shenzhen ZQGame's Ragtag Sailor.
In August, 15 online games were approved for import, including Tencent (00700) and NetEase (09999).
On August 2nd, the State Administration of Press and Publication released information on the approval of 15 imported online games for August.
Domestic games may usher in a historic change, as the trillion-dollar industry enters a period of intensive catalysis.
The highly anticipated domestic single-player masterpiece "Black Myth: Wukong" will be globally released on August 20th.
[Brokerage Focus] Pu Yin International: Many new games debut at ChinaJoy and are expected to promote industry recovery.
Jingu Wealth News | Pu Yin International stated that the 21st ChinaJoy was successfully held from July 26 to July 29, 2024, with a record high number of exhibitors, and game developers exhibiting numerous new games. The industry achieved steady growth in the first half of the year, with stable issuance of game publishing numbers and a dense lineup of major summer releases, which is expected to usher in a new round of product cycles. From January to July 2024, the State Administration of Press and Publication has issued a total of 794 game publishing numbers, a year-on-year increase of 25%. Among them, there were 733 domestic publishing numbers and 61 imported publishing numbers, and the supply-side pressure continued to be released. At present, it appears that the game product cycle for the whole year is relatively
NetEase's New Mobile Game Solid, But May Fall Short of Expectations -- Market Talk
China Unlikely to Consider Wider Rethink of Policy Direction
HTSC: Small games maintain a strong growth trend, and game development overseas continues to advance.
HTSC released a research report stating that the 24H1 game market grew by 2.08% year-on-year, with stable industry policies.
Research report digger | CICC: maintains a "outperform" rating for Netease with a target price of HK$206, and expects a 6% YoY growth in revenue in the next quarter.
According to a report by Zhongjin, netease's revenue for the second quarter is expected to increase by 6% year-on-year, but decrease by 6% quarter-on-quarter, to 25.3 billion yuan, with market expectations of 26.1 billion yuan. Non-GAAP net income is expected to decline by 16% and 11% year-on-year and quarter-on-quarter, respectively, to 7.6 billion yuan, with market expectations of 7.93 billion yuan, due to a high base period from exchange gains of 1.47 billion yuan in the same period last year. The report pointed out that netease's new game performance in the third quarter was impressive and may restart quarter-on-quarter growth. The user scale of the mobile game "Endless Pampering Only For You" met expectations, and we are bullish on the ability of large DAU products to leverage revenue and the company's ability to expand the level. Considering the delay in the PC version of "Yanyun sixteen tunes" going online, it is slightly lower than expected.
According to Sensor Tower, the overseas revenue of the top 30 mobile games exported in the first half of the year increased by 15% to $4.5 billion.
Starting from the second half of 2023, the overseas mobile game market will return to an upward trend. In the first half of 2024, the combined revenue of overseas mobile games on the App Store and Google Play channels will reach 32.5 billion US dollars.
Hong Kong Stock Concept Tracking | China's overseas mobile games generated more than 7.5 billion US dollars in revenue in the first half of 2023. AI brings cost reduction and efficiency improvement (including concept stocks).
According to SensorTower data, in the first half of 2024, overseas mobile gaming revenue continued the growth trend of the second half of 2023, with a year-on-year increase of 6% in the combined revenue of AppStore and GooglePlay channels, reaching $32.5 billion.
Weekend News: Trump claims he will dismiss the SEC chairman if he takes office. Harris's first week of support caught up with Trump. Apple AI was released later than iOS 18 for the first time.
For more global economic news, please visit 24-hour real-time economic news. Last week's market review: US stocks closed higher, with the Dow rising more than 650 points. The market focused on inflation data and the prospect of Fed interest rate cuts. On July 26, the top 20 US stock transaction volume: 3M recorded the largest single-day increase in half a century. China concept stocks rose and fell on Friday, with Taiwan Semiconductor up 1% and Netease down 3%. US WTI crude oil fell 1.4% on Friday and fell 1.9% this week. European stocks collectively rose, with the European Stoxx 50 index up 1.03%. Macro understanding of Trump's Bitcoin speech| Trump: If I return to the White House, I will fire Janet Yellen.
With 45% Ownership, NetEase, Inc. (NASDAQ:NTES) Insiders Have a Lot Riding on the Company's Future
Maintain a "buy" rating for Netease-S (09999) with a target price of HKD 129, according to Furi.
Currently, "NARAKA: BLADEPOINT" ranks third on the iOS game total revenue chart.
Citi reiterated Netease-S(09999) as the top pick for China's online games industry with a target price of HKD 200.
Morgan Stanley expects netease online games revenue to accelerate growth from the third quarter and revalue its stock price.
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