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[Brokerage Focus] swhy maintains a buy rating on Netease (09999), indicating that the fundamentals have bottomed out and the growth is expected to be driven by PC games in the second half of the year.
Jingu wealth news | swhy released a research report, netease (09999) 2Q24 revenue of 25.5 billion, YoY +6%; operating profit of 7 billion, YoY +15%. Q2 game and value-added business revenue YoY +6.7% to 20.1 billion, gross margin YoY +2.6pct to 70%, high level further improvement. The bank said that looking ahead, for mobile games, according to data from Dots, there is a trend of stopping the decline in the mobile game "Nishuihan", but changes in "Egg Club" still need to be observed; the mobile game "Eternal Atlas" launched in July, breaking the record for new additions on the first day. As for PC games, the market's previous concerns about core old products "Dream
SensorTower: "Whiteout Survival" steadily occupies the top spot on the overseas mobile game revenue chart.
Sensor Tower, a store intelligence platform, released the revenue and download rankings of Chinese mobile games in the overseas market in August 2024.
Is NetEase (NASDAQ:NTES) A Risky Investment?
[Brokerage Focus] Huachuang Securities maintains a "recommended" rating on Netease (09999), pointing out that its existing game inventory maintains overall resilience.
Huachuang Securities issued a research report, stating that netease (09999) achieved revenue of 25.486 billion yuan in Q2 24 (yoy +6.14%, qoq -5.08%), of which gaming and related value-added service revenue reached 20.056 billion yuan (yoy +6.69%, qoq -6.54%).
Technology stocks led the S&P to four consecutive gains, Oracle reached a new high after hours, the US dollar and US bonds fell, gold hit a new high, and commodities rose.
In August, the PPI in the United States showed a cooling down of inflation, and the market slightly raised its bets on the Fed's aggressive interest rate cuts. US stocks rose together, with Nvidia up nearly 2%, while NIO Inc and XPeng fell more than 5%. The European Central Bank cut interest rates for the second time this year, but maintained a restrictive policy. European bonds fell, and the euro rebounded from its four-week low. Commodities rose across the board, with US oil briefly rising by 3.7%, gold reaching a new high with a nearly 2% increase, palladium rising by over 4%, and copper experiencing its largest two-month increase.
US stocks closed: Technology breaks through to lift the index, Nasdaq and S&P jointly achieve four consecutive gains.
① After four consecutive days of gains, the S&P 500 index is still 1.3% away from its historical high. ② Warren Buffett's deputy sold more than half of Berkshire Hathaway's positions, causing the stock price to fall for the seventh consecutive day. ③ AirPods Pro transforms into an OTC hearing aid, with FDA approval for Apple's hearing assistance software. ④ Gilead's HIV prevention drug delivers positive results once again.
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