Jinwu Financial News | Game stocks continued to pick up. As of press release, Zulong Entertainment (09990) was up 2.58%, Zen Travel Technology (02660) was up 2.41%, Liberal Arts Interactive (00434) was up 1.72%, NetEase (09999) was up 1.51%, and Xindong (02400) was up nearly 1%.
According to the news, Liu Jiahao, head of Citibank's investment strategy and global wealth planning department, said that the Hong Kong property market is still cautious. The stock market still maintains the Hang Seng Index target of 23,000 points, and is optimistic about stocks in the gaming, internet, and gaming sectors.
Cinda Securities pointed out that the game industry's value output depends on the supply side of new content. Currently, the overall supply recovery is strong, further supporting the fundamental recovery of the game industry, and the game industry is entering a new round of development cycle. The game industry is currently at an all-time low due to market sentiment. The valuation center for A-share game companies in 23-24 was 17x/13x, respectively, and the valuation center for Hong Kong game companies was 16x/11x, respectively, which highlighted leading companies with stable fundamentals.