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Morgan Stanley continues to be bullish on the overall gaming industry, market consolidation is beneficial to leading participants.
Morgan Stanley continues to be bullish on the overall online gaming industry and has raised Tencent's target price by about 2% to HKD 481 from HKD 473.
Express News | Goldman Sachs Increases Long Position in Bilibili to 7.04% on July 1 From 6.26% - HKEX Filing
Bocom Intl: New games boost industry growth in Q2, maintains 'buy' rating for Tencent and Netease.
Bocom Intl released a research report stating that it maintains a 'buy' rating on Tencent (00700), with expected accelerated growth of mobile game revenue in the second quarter (9%). Considering the stable revenue performance of MDNF, there may still be room for upward adjustment in mobile game revenue and income for the whole year. Netease-S (09999) is also still rated as 'buy', with an expected 15% growth in mobile game revenue in the second quarter and multiple new games scheduled for release in the second half of the year, plus the return of Warcraft, which is expected to alleviate the drag of high base number of revenue growth from Nishuishan Mobile Game and the adjustment of revenue growth from Dreamside Game. The bank said that local mobile game revenue tracked in June 2024 increased by 22% year-on-year, compared to 4-
Trending Industry Today: DouYu Leads Gains In Live Streaming Stocks
July 3rd - The industry of $Live Streaming(LIST2438.US)$ is trending up in regular trading hours with 6 constituents up and DouYu leading Gains.$DouYu(DOYU.US)$ shoots up 44.2% to $18.16 with a turnov
Express News | Ishares China Large Cap ETF up 1.5%, Kraneshares CSI China Internet ETF Gains 2.5%
Express News | PDD Holdings up 1.5%, NetEase Gains 2%, Baidu Rises 2.2%
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