NetEase's Fundamentals Intact, With Strong Game Pipeline -- Market Talk

Dow Jones11-18

0409 GMT - NetEase's fundamentals remain intact given its strong game pipeline, Nomura analysts Jialong Shi and Rachel Guo say in a research note. NetEase's ADRs have lagged its Chinese Internet peers this year so far due to a lack of big titles and softened revenue from some legacy titles, such as "Fantasy Westward Journey" and "Eggy Party," the analysts say. However, Nomura reckons the Chinese gaming giant will launch big new titles to re-accelerate top-line growth. Thanks to its gaming business's potential to recover gradually from 4Q onwards, Nomura thinks NetEase's ADR could outperform its Chinese internet peers in the near term. Nomura maintains a buy call on NetEase, but raises its ADR target price to US$102.00 from US$100.00. Shares last closed at US$85.49.(sherry.qin@wsj.com)

(END) Dow Jones Newswires

November 17, 2024 23:09 ET (04:09 GMT)

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NetEase's ADRs have lagged its Chinese Internet peers...</p>\n\n<a href=\"https://dowjonesnews.com/newdjn/logon.aspx?AL=N\">Source Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU2476274308.USD","symbol_name":"ALLIANZ CHINA FUTURE TECHNOLOGIES \"AT\" (USD) ACC","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2484069624","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2484069624","pubTimestamp":1731902940,"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0409 GMT - NetEase's fundamentals remain intact given its strong game pipeline, Nomura analysts Jialong Shi and Rachel Guo say in a research note. 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NetEase's ADRs have lagged its Chinese Internet peers this year so far due to a lack of big titles and softened revenue from some legacy titles, such as \"Fantasy Westward Journey\" and \"Eggy Party,\" the analysts say. However, Nomura reckons the Chinese gaming giant will launch big new titles to re-accelerate top-line growth. Thanks to its gaming business's potential to recover gradually from 4Q onwards, Nomura thinks NetEase's ADR could outperform its Chinese internet peers in the near term. Nomura maintains a buy call on NetEase, but raises its ADR target price to US$102.00 from US$100.00. 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