Goldman Sachs: Assigns a "Buy" rating to NTES-S (09999) with a Target Price of 169 Hong Kong dollars.
Goldman Sachs predicts that NTES-S (09999) will have a gross revenue of 4.2 billion yuan in the first 12 months.
NetEase to Launch Mobile Version of New Martial Arts Game Where Winds Meet Next Week
[Brokerage Focus] Kaiyuan Securities maintains a "Buy" rating on NetEase (09999), as overseas PC games continue to break through and are expected to further open up its growth potential.
Jinwu Financial News | According to a research report by Kaiyuan Securities, on December 24, NetEase (09999) received approval for its self-developed game "Infinite" on mobile, client, and console platforms. Other games that also received approval include "Top Pursuit" and "Legion Wars". "Infinite" is an open-world RPG with a high degree of freedom, set in a two-dimensional urban theme. The game features a city that merges various regional characteristics, making the game world richer and more colorful. Currently, "Infinite" has over 8 million global pre-registrations, and the report believes that "Infinite" is expected to provide players with a more free and novel open-world gaming experience. Its unique urban life gameplay is beneficial for enhancing user social stickiness, and after its launch, it is expected to continuously contribute significant revenue growth to the company. In addition, the company's self-developed martial arts open-world game "Sixteen Sounds of Yan Yun" will enter public testing on th
[Brokerage Focus] Citibank: In 2024, the approval volume for games in China is expected to increase by over 30%, Bullish on the industry's development next year.
In 2024, the number of game approvals in China showed a positive trend, with a total of 1,417 games approved throughout the year, including 1,306 domestic games and 111 imported games, representing a 32% increase from the 1,076 games in 2023, exceeding Citigroup's previous expectation of a range of 1,200 to 1,400 games.
Citi: In December, 122 domestic game licenses were granted in mainland China, with the annual approval number exceeding expectations.
In mainland China, there were a total of 1,306 domestic game approvals and 111 imported games for the entire year, slightly exceeding the expected range of 1,200 to 1,400.
Major rating丨Citi: Believes that the mainland gaming industry will continue to develop healthily next year, supporting stable and defensive profits.
Citigroup published a report stating that in December, the mainland approved 122 domestic game licenses and 13 imported game licenses, totaling 1,417 game licenses approved for the year, representing a 32% year-on-year growth. Among these, 1,306 domestic game licenses and 111 imported game licenses were issued, slightly higher than the company's forecast of 1,200 to 1,400 licenses. This includes Tencent's "Monster Hunter: Travelers" and "Red Alert: Glory", as well as NetEase's "Top Sniper" and "Infinity". On the other hand, A-share listed companies like 37 Interactive Entertainment Network Technology Group and Kingnet Network also received 2 and 4 game licenses, respectively. The company believes that with improvements in supply quantity and quality,
WayneTheBoon : I’ve been saying this for years that Nio is not primary listed in HK so it’s doesn’t get investments from the mainland, but no one listens