Stock Track | NetEase-S Soars 5.41% Intraday as "YanYun" Tops iOS Chart and Pipeline Strengthens

Stock Track01-02

NetEase-S (09999) saw its shares surge 5.41% during intraday trading on Friday, reflecting strong investor confidence in the company's gaming portfolio.

The rally follows the success of its game "YanYun Six Echoes," which topped the Chinese iOS game bestseller chart after its anniversary update. Analysts project the game's first-year revenue to reach 2-3 billion yuan, with positive feedback from overseas players. Additionally, NetEase's robust pipeline, including upcoming titles like "Forgotten Sea" and "Masterless Star Abyss," has bolstered market optimism.

The company's deferred revenue also grew by 25.3% year-on-year in Q3, with game revenue recognition expected to drive profits over the next two quarters. Huatai Securities and First Shanghai have highlighted NetEase's strong growth potential, further supporting the stock's upward movement.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Comments

We need your insight to fill this gap
Leave a comment