NetEase's PC Games Could Become Key Growth Driver -- Market Talk
Express News | HSBC: The target price of netease company ADR has been lowered from $120 to $110.
US stocks closed | The three major indices rose and fell unevenly, with Tesla soaring 22%, marking the largest increase in eleven years.
Economic data supports the market's bet on a routine 25 basis point rate cut by the Federal Reserve in November. The US stock market only saw a drop in the Dow, the first four-day consecutive decline since June, dragged down by IBM and Boeing. The Chinese concept index fell by 1.6% before halving its decline, while Li Auto Inc surged more than 1%.
NetEase Cloud Music Partners With Kakao to Release K-POP Songs in China
U.S. stock market anomaly | Netease fell 1% before the market, Zhongjin expects its third-quarter performance to be under pressure.
Guangronghui October 24th | Yesterday's 1.22% decline in netease (NTES.US) continues to fall 1% in pre-market trading today. The latest report from Zhongjin pointed out that due to the slightly lower-than-expected performance of some new games in the third quarter of netease, the group is expected to see a 6% year-on-year drop in quarterly revenue to 25.7 billion yuan, and non-GAAP net income is expected to decrease by 18% to 7.1 billion yuan. The bank predicts that netease's third-quarter online game revenue will decrease by 7% year-on-year, with mobile games dropping by 11%. (Guangronghui)
Dah Sing Securities lowers the target price of Netease (09999.HK) to 173 yuan, expecting third-quarter performance pressure. Focus on the progress of new gaming developments.
CICC released a research report stating that, considering that Netease (09999.HK)'s performance of some new games in the third quarter was slightly lower than expected, the group is expected to see a 6% year-on-year decline in quarterly revenue to 25.7 billion RMB, and the non-GAAP net profit is expected to decrease by 18% to 7.1 billion RMB. The firm recommends investors to pay attention to the progress of new games and subsequent online regulations. CICC predicts that Netease's third-quarter online game revenue will decline by 7% year-on-year, with mobile games dropping by 11%, mainly due to the impact of the high base caused by the new launches of games such as "Revelation of Tianxi Hand Tour", "Summit Extreme Speed", and "All-Star Street Ball Party" in the same period last year. Sales expenses.