NTES241101P94000
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NetEase Newsroom
Nomura Adjusts NetEase's Price Target to HK$157 From HK$182, Keeps at Buy
Citigroup: Tencent (00700.HK) has 3 games approved in October, while Netease (09999.HK) only has one.
Citigroup's research report believes that the approval of 113 domestic gaming and 15 imported gaming titles in October is merely a coincidence, and will not have any special interpretation or changes to the approval process. In this round of approvals, Tencent (00700.HK) had 3 games approved, while Netease (09999.HK) only had one. Citigroup believes that with this round of approvals, the total number of games approved by the mainland this year has reached 1,163, exceeding last year's 1,076. The bank expects that there will still be 2 batches of domestic and 1 batch of imported games released in the remaining time of the year, indicating that there is still a chance to reach 1,200 to 1,400 games.
UBS Group: Mainland Internet industry cooperation to promote revenue and profit margin growth, expected industry P/E growth ratio rise to 1.3 times.
UBS Group's China Internet Research Director Fang Jincang stated that participants in the mainland internet industry have been relatively optimistic about the industry's outlook in recent weeks. He explained that although macro policies are being implemented one after another, it will take some time for consumer confidence to recover. However, various departments at the central level are coordinating to stimulate the mainland economy. Fang Jincang mentioned that in September, mainland retail sales (especially in the home appliance sector) showed significant growth, mainly benefiting from mainland's 'trade-in' policy, the appreciation of the Japanese yen driving domestic consumption in China, and shopping mall promotional activities. Fang Jincang expects the earnings per share growth of the mainland internet industry to be around in the next two to three years.
NetEase Likely to Report Soft 3Q Results on High Base -- Market Talk
NetEase H-Share Target Price Cut to HK$157.00 From HK$182.00 by Nomura
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.
NetEase Cloud Music Acquires Exclusive 30-Day Premiere for Kakao Entertainment's Latest K-POP Hits in China
NetEase Inc. (NTES): Among the Best Esports Stocks to Buy According to Hedge Funds
US stocks closed: The three major indexes collectively fell, with technology stocks generally down and nvidia falling nearly 3%.
①Dow Jones, S&P fell nearly 1%, Nasdaq fell 1.6%; ②Large technology stocks all declined, nvidia fell nearly 3%; ③Tesla's third-quarter adjusted earnings per share exceeded expectations, soaring over 9% after-hours; ④Apple's spring new products exposed, including M4 version of MacBook Air, new iPad Air, and iPhone SE.
September Videogame Sales Down 6% in the U.S., Led by Sharp Drop in Console Spends
Huajin Securities: The IP industry steadily improves and promotes the development of various links in the industry chain.
With the diversification of media channels, the increasing number of diverse small IPs and subculture IPs, IP that is shorter, faster, and more emotionally direct has become a new preference.
U.S. stock market closing | The three major indexes fluctuated, Chinese concept stocks outperformed the large caps, pdd holdings rose nearly 3%.
S&P experienced two consecutive days of decline for the first time in over a month, with only the Nasdaq closing higher, Chinese concept stocks surged over 2% before closing nearly 1% higher, showing strong outperformance throughout the day.
Netease-S (09999.HK): Expects pressure on 3Q24 performance, focus on subsequent new game developments.
We expect the company's 3Q24 revenue to decrease by 6% to 25.7 billion yuan, below the Bloomberg consensus expectation of 26.8 billion yuan (as of 10/22), mainly due to the performance of some new games in the third quarter.
CICC: Intensive testing of new games, focus on opportunities for valuation increase.
The launch of new games, the renewal of classic products, and other factors have driven the total scale of China's gaming market to increase quarter-on-quarter in the past two quarters (2/3Q24).
CICC: In September, the domestic gaming market continued to grow, focusing on the new game cycle to drive industry growth.
The domestic gaming market maintains a growing trend, with china's gaming market size in Q3 24 reaching 91.766 billion yuan (+8.95% year-on-year), and the Q3 gaming market size hitting a historic high, with September reaching 30.3 billion yuan (+15% year-on-year).