NTES240802C83000
- 10.45
- 0.000.00%
NetEase Newsroom
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.
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
Top Gap Ups and Downs on Wednesday: GOOG, GOOGL, TSLA and More
NetEase's Naraka Bladepoint Mobile Game Launch Boosts Stock Ahead of Major Release
NetEase Rises on Eve of Launch of Mobile Version of 'Naraka Bladepoint' - Report
NetEase's Gaming Revenue May Rise in 2Q, HSBC Global Research Says -- Market Talk
NetEase ADRs Target Price Cut to $117.00 From $126.00 by HSBC Global Research >NTES
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.
Hong Kong Shares Drop, Tracking Wall Street Weakness -- Market Talk
Is NetEase, Inc.'s (NASDAQ:NTES) Latest Stock Performance Being Led By Its Strong Fundamentals?
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