NetEase's Revenue from Newly Launched Game Could Rise in Long Term
Dow Jones08-04 11:35
0335 GMT - NetEase's "Sea of Remnants" could generate more revenue in the long term despite moderate traction so far, Citi analysts say in a research note. The highly anticipated game that was launched in July has experienced moderate performance so far, but its developers could continue to optimize its in-game experience after receiving feedback from gamers, they say. Meanwhile, its revenue-generation capability could improve in the subsequent months after decent content updates, they say. Citi maintains its buy rating on NetEase and keeps its ADR target price at $174.00. ADRs last ended at $131.58.
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