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Hong Kong stocks are moving | Gaming stocks are generally up today, domestic games are less affected by tariffs, and the policy signals in the Industry continue to be positive.
Today, gaming stocks saw a general increase. As of press time, IGG (00799) rose by 7.69% to HKD 3.36; XD INC (02400) increased by 4.19% to HKD 31.1; NTES-S (09999) went up by 4.16% to HKD 157.7; CMGE (00302) climbed by 2.94% to HKD 0.35.
CITIC Securities: Maintain ZAI LAB's outperform industry rating with a Target Price of HKD 34.41.
CICC released a Research Report stating that it maintains its profit forecast for ZAI LAB (09688) for 2025 and 2026. The firm maintains an outperform rating for the Industry, based on the DCF model, it keeps the H/US stock Target Price unchanged at HKD 34.41 / USD 44.24. On April 11, the company's partner Argenx announced that the Efgartigimod pre-filled syringe subcutaneous injection formulation was approved for marketing by the FDA in the USA. Moreover, on April 10, the company also announced the long-term data of the Efgartigimod ADAPTNXT (Phase B data) and ADAPT-SC+ studies at the American Academy of Neurology. The main viewpoints of CICC.
IGG (799.HK): New games continue to achieve high growth, APP profit margins may gradually improve.
The core game portfolio is expected to remain stable, looking forward to the performance of new games: driven by core games and APP Business, the company's revenue in 2024 is expected to reach 5.74 billion HKD, a year-on-year increase of 8.9%; adjusted Net income improved to 0.61 billion.
Hong Kong stocks fluctuate | Gaming stocks are among the top gainers. The regular issuance of game licenses in March. Institutions state that digital games are currently unaffected by tariffs.
The gaming stocks are performing well, as of the time of writing, NTES-S (09999) is up 10.36%, priced at 149.2 HKD; IDREAMSKY (01119) is up 6.85%, priced at 0.78 HKD; IGG (00799) is up 4.64%, priced at 3.16 HKD; XD INC (02400) is up 1.9%, priced at 29.5 HKD; Tencent (00700) is up 1.75%, priced at 443 HKD.
IGG (0799.HK): Net income surged sevenfold! Multiple categories of new games are gearing up for a new growth cycle.
In the past year, the Global Game Industry has undergone structural adjustments, coupled with AI models like DeepSeek that are reconstructing game development paradigms, leading to intensified competition, rising customer acquisition costs, and major Game Developers facing dual challenges of content innovation and cost control.
Wanlian Securities: In February, China's gaming Industry grew steadily, with top companies showing excellent revenue performance.
In February, the Chinese game market maintained stable growth despite the impact of the Spring Festival, with mobile, client, and single-player markets performing even more prominently with new releases compared to the same period last year. Long-term products steadily operated activities, achieving double-digit year-on-year growth.