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[Broker Focus] Guoxin Securities maintains NetEase (09999) “superior to the market” rating, indicating that its subsequent reserve products are still rich
Jinwu Financial News | According to Guoxin Securities Research, NetEase (09999) achieved revenue of 26.9 billion yuan in 24Q1, an increase of 7% over the previous year. Revenue growth was mainly driven by the mobile game business and Dodo, partially offset by the decline in PC game revenue. In 24Q1, the company's comprehensive gross profit margin was 63%, an increase of 4 pcts over the same period last year. Among them, the gross profit margin of games and value-added services was 69.5%, an increase of 3 pcts over the previous year, mainly due to the increase in net revenue from mobile games. In 24Q1, the company's total operating rate was 35%, an increase of 4 pcts over the same period last year. Among them, the sales rate was 15.0%, up 3 pcts year over year. The company's performance will indicate
[Broker Focus] Anxin International: For the Internet stock market, pay more attention to factors other than performance, such as shareholder returns, dividend rates, increases or decreases in holdings of major shareholders, etc.
Jinwu Financial News | Anxin International reports that recent stock prices and fundamental characteristics of Internet stocks: financial performance and management expectations are not too many surprises in the current macro context; profit improvements are generally superior to revenue improvements (from horse racing to intensive farming); the market pays more attention to factors other than performance: shareholder returns, dividend rates, increase or decrease in majority shareholders' holdings (typical: Ali (09988), Tencent (00700), Pinduoduo). The bank's overall performance outlook for the second quarter of the Internet company: Tencent, Pinduoduo, Xiaomi (01810), and Kuaishou (01024) are expected to continue to grow at high profits; high dividends are low
Game stock Pusheng Bilibili (09626) rose 5.95%, game versions continued to increase, and distributors expect the game market to show a growing trend
Jinwu Financial News | Gaming stocks rose 5.95%, Zengyu Technology (02660) rose 2.59%, IGG (00799) rose 2.31%, Tencent Holdings (00700) rose 1.79%, NetEase (09999) rose 1.15%, and Jinshan Software (03888) followed 0.75%. Wanlian Securities said that in 2024, game versions will continue to be increased, high-quality and popular new games from leading manufacturers will continue to be launched, leading products in overseas markets have performed well, and overseas revenue from games developed by China will remain stable. Overall, the game market is expected to show a growing trend
Analysts Offer Insights on Communication Services Companies: Netease Inc (HK:9999) and Deutsche Telekom (GB:0MPH)
NetEase to Leverage R&D Strength to Develop New Blockbuster Games -- Market Talk
NetEase could continue to leverage its in-house research and development capabilities, as well as user data, to develop next-generation blockbuster games, Morningstar analyst Ivan Su says in a research note.
[Broker Focus] CCB International cuts NetEase (09999) target price of 5.9% indicates that its stock price is outperforming the China Internet Index ETF and competition
According to the CCB International Development Report, the stock price of NetEase (09999) has fallen 13% so far this quarter, and its performance is lower than that of the China Internet Index ETF (KWEB), which has risen 14%, and its main competitor Tencent (00700), mainly due to market concerns about the decline in revenue from NetEase's existing flagship games, the adjustment of the profit model of old games, and uncertainty about when new games will be released. The bank believes that better-than-expected first-quarter gaming revenue and management comments during the first quarter earnings conference call have allayed market concerns and are largely reflected in current valuations.