Movement Alert｜NTES rises 3.03% in Regular Trading, broker reiteration supports sentiment

Market Focus10-23

On October 23, NTES rose 3.03% in Regular Trading, trading at HK$187.7, with turnover of HK$274 million.

The move coincided with a broker note maintaining its Hong Kong target price at HK$265 and US target price at US$171, while forecasting third-quarter Non-GAAP net profit attributable to shareholders to grow 9% year over year and indicating investment income should improve sequentially from the second quarter.

The same note said NTES has a rich game pipeline, with the 2027 title Infinite offering potential valuation premium and a broader multi-genre innovation lineup reinforcing expectations for a new-product cycle and earnings recovery. This followed weaker sentiment a day earlier, when another broker had flagged softer third-quarter revenue trends driven by muted game performance.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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