NTES NetEase
- 91.530
- +0.900+0.99%
- 91.450
- -0.080-0.09%
NetEase News
Bilibili Jumps After J.P. Morgan Upgrades on Earnings Upside Due to Game/ads Monetization Turnaround
Huawei's Potential Fee Shakeup Could Benefit Chinese Game Developers -- Market Talk
Huawei's potential fee shakeup could be a win for Chinese game developers, Morningstar analyst Ivan Su says in a research note. Huawei might lower its app store commission fee to 20% from the typical 30% for game developers and it is also nearing a deal to exempt Tencent's WeChat from paying any app store fees, according to a media report.
According to Goldman Sachs's prediction, the gaming industry environment has changed, which is not favorable for Netease. However, they are bullish on Tencent.
As industry regulatory focus shifts, Tencent, as "China's largest small game platform", may usher in a spring. Coupled with the initial results of Tencent's overseas investments, its international gaming business is showing strong momentum.
Hong Kong Shares Rebound 2.9% Amid Positive Sentiment
Hong Kong's Hang Seng Index extended early gains to close 2.9% higher at 18430.39. There could be some optimism among investors that more may be done by the Chinese authorities in 2H, IG market strate
NetEase's Share-Price Decline on Game Adjustments Looks Overdone, Jefferies Says -- Market Talk
NetEase's share-price decline following changes to the virtual economy system in massively multiplayer online role-playing game "Fantasy Westward Journey," looks overdone, Jefferies analysts Thomas Chong and Zoey Cong say in a research note.
Brokerage Focus: CMB International points out that China's internet-related performance in the first quarter as well as industry performance are in line with expectations. Pay attention to three main lines when selecting stocks.
Zhaojin Financial News | CICC International stated that in the review of the performance and industry 1Q24 results of China's Internet sector since the beginning of the year, the Internet sector has retreated to some extent after a relatively rapid rise under the boost of emotional improvement and short-term capital inflows, which is in line with the bank's previous expectations. From the perspective of stock selection throughout the year, with the interest rate cut trading not yet trending, and with liquidity still tight, the bank recommends selecting stocks around three main lines:
Top Gap Ups and Downs on Tuesday: QCOM, MU, NEE and More
Gaps can show signals that something important has happened to the fundamental or the psychology of traders that accompanies this market movement.
NextEra Energy, Lennar And Other Big Stocks Moving Lower In Tuesday's Pre-Market Session
U.S. stock futures were mixed this morning, with the Nasdaq futures gaining around 0.2% on Tuesday.Shares of NextEra Energy, Inc. (NYSE:NEE) fell sharply in today's pre-market trading after the compan
China PBOC Keeps Key Policy Rates Steady
China's central bank kept its key policy rates unchanged on Monday, indicating a likely hold on the benchmark lending rate later this month. The People's Bank of China provided 182 billion yuan ($25.0
Daiwa Securities rating: Tencent and Ctrip are preferred for Chinese internet stocks, bullish on Netease, PDD Holdings, Meituan and KE Holdings.
Daiwa has released a research report stating that they have recently met with many investors in the United States who are focusing on investing in the Asian market. After consolidation, the bank found that American investors generally have a bullish outlook on Tencent, with most giving a "buy" or "shareholding" rating, and they expected more catalysts to push its stock price further ahead of the market, such as improvement in gaming business performance, strong growth in advertising business and ongoing shareholder returns. Investors are also bullish on PDD Holdings, with a unanimous buy rating, and also tend to choose Ctrip, Ke Holdings, and Meituan. Daiwa pointed out that Ctrip's international business development seems to have not been recognized by investors, while
5 Analysts Assess NetEase: What You Need To Know
In the last three months, 5 analysts have published ratings on NetEase (NASDAQ:NTES), offering a diverse range of perspectives from bullish to bearish.The table below summarizes their recent ratings,
NetEase Initiated at Equal-Weight by Barclays
NetEase Initiated at Equal-Weight by Barclays
NetEase Analyst Ratings
Date Upside/Downside Analyst Firm Price Target Change Rating Change Previous / Current Rating 06/13/2024 12.24% Barclays → $104 Initiates Coverage On → Equal-Weight 05/24/2024 56.49% Benchmark $144 →
Express News | NetEase Inc : Barclays Initiates Coverage With Equal-Weight Rating and Target Price $104
Barclays Initiates NetEase(NTES.US) With Hold Rating, Announces Target Price $104
Barclays analyst Jiong Shao initiates coverage on $NetEase(NTES.US)$ with a hold rating, and sets the target price at $104.According to TipRanks data, the analyst has a success rate of 48.2% and a tot
Goldman Sachs: Tencent (00700) and Netease (09999) are still the preferred choices in the gaming field. The launch of new games is a catalyst.
Netease's games "Endless Journey MOBILE" and "Yanyun Shiliu Sheng" will also be released in July or August this year.
Netease Cloud Music issued an apology statement regarding the Huachenyu event and will take compensation measures.
On the morning of June 7th, Sina Technology reported that NetEase Cloud Music apologized for errors in a signing event for Hua Chenyu's music album. NetEase Cloud Music expressed apologies for delays caused by technical problems and maintenance during the promotion of Hua Chenyu's USB version album "Hope" on the Wanda Plaza big screen. In response, NetEase Cloud Music proposed compensation measures including additional promotion resources, increased placement areas, and offline concert promotion, and promised to continue improving its services. (Luoning)
US stocks closed | Non-farm employment was hit hard and interest rate expectations fell, with all three major indexes falling collectively. Gamestop plummeted nearly 40%.
After the US employment report, US bond yields rose more than 10 basis points; the US dollar index, which had approached its two-month low, rose sharply and hit a new high in more than a week; offshore renminbi fell 180 points and lost 7.26. Bitcoin dropped more than $3,000, approaching the $72,000 mark in intraday trading.
Netease stock price temporarily stops at HKD 150. Will test the momentum again next week with World of Warcraft.
On June 5th, ATFX reported that the National Press and Publication Administration approved 15 imported online games, with Tencent (00700.HK) obtaining 3 licenses, including client games "Black Desert", "Fearless Pact: Source Power Action", and Switch game "Warframe". However, the news had limited impact on Tencent's stock price. World of Warcraft's "Wrath of the Lich King" is expected to go live this month, with Netease (09999.HK) surging 4% in yesterday's trading. With the normalization of license approvals and the continuous launch of new products, the market remains bullish on the supply side of the gaming industry reaching a stable state. Since the beginning of this year, the industry has seen a significant growth.
[Brokerage Focus] Bocom Intl indicates that fundamental factors are still important indicators for investment in the internet plus-related industry. Selecting stocks prioritizes performance growth.
Jingu Finance News | Bocom International has released its outlook for the internet industry in the second half of the year. Valuations of Chinese internet companies are currently one standard deviation below the historical average over the past two years, and companies with stable performance growth and clear industry competition should have upward valuation potential. Shareholder returns in the industry are currently lagging behind, especially in terms of dividend yields compared to high dividend industries, and fundamentals remain an important indicator for internet industry investment. The stock selection criteria are as follows: performance growth > industry competition > industry space > new business potential > shareholder returns > valuation multiple space. Bullish on Tencent (00700) / Ctrip (09961) / PDD Holdings / New Oriental (099).
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