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.
JPMorgan: Reaffirms Netease as the industry's top choice, with accelerated growth in online game revenue starting in the third quarter.
JPMorgan stated in its report that Netease's stock price rose about 5% during trading on July 24th due to the positive sentiment ahead of the release of the mobile game "Endless Fractals". JPMorgan reiterated Netease as the preferred stock in China's online games industry, expecting the strong performance of the mobile game "Endless Fractals" and the successful global launch of "Seven Days World" in early July to accelerate revenue growth in online games from the third quarter and reevaluate the stock price. JPMorgan believes Netease's current valuation of 12 times the 2024 PE ratio is at a low level relative to the past five years, and compared to the valuation of more than 20 times of global leading online game peers, it is a
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Open Source Securities: ChinaJoy Preview - Focus on heavyweight new games, hardware innovation, and IP content.
The 21st ChinaJoy will open on July 26, 2024. On the one hand, it may bring income from exhibitors and attendees to the organizer, and on the other hand, it may enhance its brand influence and empower its all-scenario entertainment services business.
HK stocks on the move | Netease-S (09999) rose more than 4% in early trading. Netease will release three blockbuster new games in July, easing concerns about monetization of old games.
Netease-S (09999) rose more than 4% in early trading. As of press time, it rose 3.58% to HKD 147.4, with a turnover of HKD 0.157 billion.
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Debon Securities: Pop Mart (09992) expects high growth in the first half of the year and pays attention to investment opportunities brought by ChinaJoy next week.
The 21st ChinaJoy Expo in 2024 will be held from July 26th to July 29th with the theme of "Starting from the heart, endless fun" as scheduled.
Hong Kong stock concept tracking | In July, 105 game version numbers were approved. With the coming of the peak season in summer, many games are expected to surpass expectations (with concept stocks attached).
On July 22, the State Administration of Press and Publication released the approval information for domestic online games produced in July 2024, with a total of 105 games approved.
Express News | Shares of US-listed Chinese Stocks Are Trading Higher After the People's Bank of China Announced a Cut in Benchmark Lending Rates
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WiseStock Hong Kong stock market analysis | Bitcoin ETFs collectively rose sharply after Biden withdrew from the election, CXO wind bias is increasing.
Today, the markets in the two regions have diverged again. This time, Hong Kong stocks rebounded after testing the half-year line, closing up 1.25%, while A shares had the meaning of filling the gap, but the structure is not bad, with more rises than falls.
US stocks closed with all three major indices falling, with the S&P Nasdaq index seeing its largest weekly decline in three months. Technology stocks weakened, with Tesla down more than 4%, Nvidia down more than 2%, and CrowdStrike down more than 11%.
Investors accelerated their escape from technology stocks, with stocks and bonds in Europe and the United States being hit hard for two days. This week, the S&P 500 and Nasdaq fell by about 2% and 3.7%, respectively. The Nasdaq stopped its six-week continuous rise, while the Dow and small-cap indices rose by 0.7% and 1.7%, respectively. Chip stocks fell more than 3% on Friday and nearly 9% for the week. Nvidia also fell more than 8.7% for the past three months, making it the worst performer. The "seven sisters of technology" all fell for the week, and cybersecurity leader Crowdstrike, which triggered a global technology outage, fell 11% on Friday, the worst in nearly two years. The VIX panic index rose more than 32% for the week.
In June, a total of 30 games entered the Top 10 of the free games chart on the App Store, slightly fewer than the previous two months, according to Qimai Research Institute.
In June, a total of 30 games entered the free game top 10 chart in the App Store, with a slightly lower number of apps compared to the previous two months.
Hong Kong stock concept tracking: Global game revenue is expected to reach 300 billion US dollars in the next three years, and the prosperity of the domestic game industry chain continues to recover. (Attached are concept stocks).
Game permits are now being issued on a regular basis, and top manufacturers are continuing to exert their efforts.
China's Major Gaming Companies Likely to Have a Fruitful 2H