Express News | PDD Holdings up 2.9%, NetEase up 1.4%, Baidu up 2.3%

Breakings17:53

Hong Kong Market Quick Look | Hong Kong stocks were strong all day! The Hang Seng Index firmly held above the 19,000 mark, with the Tech Index rising over 3%; Tencent Related stocks surged, with Weimeng up over 26% and Youzan up over 8%.

Network Technology stocks rose, with JD-SW increasing by 5.35% and MEITUAN-W rising by 5.02%; CECEP Solar Energy stocks climbed higher, with FLAT GLASS up by 5.57% and FUYAO GLASS up by 5.06%; Autos stocks advanced, with LEAPMOTOR increasing by 13.00% and XPENG-W rising by 8.47%;

Futu News16:26

Hong Kong Stock Market Midday Review | The Hong Kong Stock Market is aggressively rising! The Hang Seng Index has returned to the 19,000 mark, and the Technology Index has increased by more than 2%; Network Technology stocks are rebounding strongly, with

Network Technology stocks are rising, with MEITUAN-W up 4.44% and KUAISHOU-W up 4.12%; Biotechnology stocks are also climbing, with BEIGENE up 8.82% and Junshi Biosciences up 6.46%; Autos stocks are all up, with LEAPMOTOR up 15.00% and YADEA up 5.60%;

Futu News12:11

BOCOM INTL: Assigns a leading rating to the Internet Plus-Related Industry, with double holiday Operations driving a month-on-month recovery in mobile games.

BOCOM INTL maintains the expectation for TENCENT (00700) to accelerate the growth of mobile game revenue in the fourth quarter of 2024 and the first quarter of 2025.

Zhitong Finance11:47 · Ratings

[Brokerage Focus] JPMorgan maintains a 'Shareholding' rating on NetEase (09999) and raises the company's revenue forecast following the release of new games.

JPMorgan released a research report stating that following the successful release of "Marvel's Clash" (ranking second on the Steam hot play list) and "The Sixteen Sounds of Yan Yun" (which received strong player feedback, exceeding investor expectations), the bank reaffirms that NetEase (09999) is its top pick in the Chinese online gaming sector for 2025 and has raised the company's game revenue growth forecast to 10% (previously 8%). It possesses defensive capabilities amid domestic macro uncertainties. The bank expects NetEase to continue outperforming the market in 2025.

Jinwu Financial News11:07

J.P. Morgan raises the forecast for NetEase (09999.HK) game revenue growth this year to 10% and reaffirms it as the industry top choice.

JPMorgan released a Research Report, reiterating that NetEase-S (09999.HK) (NTES.US) is the top choice in this year's Online Games Sector in Mainland China, and raised its gaming revenue growth forecast from 8% to 10%, mainly due to the successful launch of "Marvel Contest of Champions" and "The Legend of Yan Yun." Furthermore, NetEase's stock performance has surpassed that of its peers in China's internet sector, benefiting from the successful performance of its new games and serving as a defensive Online Games stock amid macroeconomic uncertainties in China.

AASTOCKS10:40