NetEase-S (09999) stock soared 5.07% during intraday trading on Wednesday, significantly outperforming the broader market.
The surge was driven by a dual catalyst of an imminent major game launch and multiple index inclusion events. NetEase's flagship title "Forgotten Sea" is scheduled for PC public beta, with the mobile version set to launch, positioning the company to capture the peak summer gaming season. Furthermore, the company is set to be formally included in key Hang Seng Index series and China Stock Connect indices, which is expected to improve stock liquidity.
Adding to the positive sentiment, recent industry data showed strong performance from NetEase's gaming portfolio. The company's published soccer game eFootball saw a massive surge in popularity driven by the 2026 World Cup theme, with its daily revenue skyrocketing and securing a top spot on China's App Store game revenue chart. Multiple brokerages including Goldman Sachs, CICC, and Bank of America maintain bullish ratings on the stock, citing accelerating revenue growth prospects.
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