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U.S. stocks closed | DeepSeek impacts Global computing power! The Dow Jones stood out, while the Nasdaq fell more than 3%, and NVIDIA plunged nearly 17%.
The Chip Index plummeted over 9%, Broadcom fell over 17%, Taiwan Semiconductor dropped over 13%, AMD and ASML Holding decreased by about 6%, and Oklo, a nuclear power stock that Altman bet on, fell nearly 26%.
NetEase Cloud Music and SM Entertainment Reach Preliminary Agreement to Continue Music Streaming
Express News | NetEase's "Egg Party" Server experienced abnormal fluctuations, official: has been repaired.
Nomura Adjusts Netease Price Target to $123 From $102, Maintains Buy Rating
Sensor Tower: Last year, Global mobile game revenue increased by 4%, and Tencent retained the title of leading mobile game publisher in China for global revenue.
According to Sensor Tower data, last year, global mobile game revenue rebounded by 4% to 80.9 billion USD, with overseas market revenue from the App Store and Google Play rising by over 5% to 66.2 billion USD. Last year, the top 30 mobile game publishers in China generated 23.4 billion USD globally, showing a slight increase from 2023, accounting for 36% of the revenue of the global top 100 mobile game publishers. The top three Chinese mobile game publishers in global revenue remain Tencent (00700.HK), NetEase (09999.HK), and miHoYo, with Tencent's Dungeon & Fighter: Rise...
Nomura raised the Target Price for NetEase (NTES.US) to $123 as the outlook for the Gaming business improves.
Nomura released a Research Report, maintaining a "Buy" rating for NetEase (NTES.US), with a target price raised from 102 USD to 123 USD, pointing out that NetEase's online Gaming business is recovering. It believes the bottom was reached in the third quarter of last year, and expects improved performance in the fourth quarter supported by the launch of new games and the normalization of the base effect from some flagship games. Nomura predicts that NetEase's revenue in the fourth quarter last year will reach 26.5 billion yuan, a year-on-year decrease of 2%, which is 3% lower than the general market expectations, while the Non-GAAP earnings per share is expected to grow 18% year-on-year, which is 6% higher than market expectations. This is expected alongside reduced marketing expenses and improved operating leverage.
U.S. stock market closing | All three major Indexes rose, with the S&P continuing to hit new highs; Nuclear Power stocks performed strongly, with OKLO and SMR rising over 13%; Meta rose over 2% to reach a record closing high.
Trump calls on the Federal Reserve to lower interest rates immediately. The chip Index and NVIDIA briefly fell over 2%, but ultimately NVIDIA turned to rise, while Tesla fell. Industrial stock Caterpillar boosted the Dow by 400 points. Quantum computing stock Quantum fell over 6%. Nuclear Power stock Oklo, held by Sam Altman, turned to rise over 13%. Electronic Arts Inc fell nearly 17%. After a 0.7% decline, the Chinese concept Index turned to rise, and TAL Education soared 21%.
GTJA: In Q4 2024, the allocation ratio of actively managed Funds to Hong Kong stocks reached a record high, with significant increases for leading Technology companies.
GTJA released a Research Report stating that in Q4 2024, actively managed Funds will reduce their holdings significantly, with an increase in allocation to Technology stocks and a narrowing of dividends towards Banks.
Open Source Securities: "King of Glory World" has been approved for release, continue to pay attention to the launch of leading new products.
The stable issuance of game licenses and the increase in their quantity are expected to continually improve product supply, driving ongoing growth in the Industry.
U.S. stocks movement｜NetEase pre-market rose nearly 1%, with CICC raising the Target Price to 116 dollars.
Gelonghui, January 23 | NetEase (NTES.US) rose nearly 1% before the market opened, reporting $100.5. In terms of news, CICC published a report forecasting that NetEase's last quarter Earnings Reports will be stable, with revenue of 26.9 billion yuan, and non-GAAP net profit will increase by 7% year-on-year to 7.9 billion yuan, meeting expectations. Considering the impact of foreign exchange gains from the last quarter, the bank raised its 2024 non-GAAP net profit forecast by 2% to 31.7 billion yuan. CICC maintains the 'outperform' rating for NetEase and raises the Target Price by 4% to $116. (Gelonghui)
Market overview: The three major Indices opened high but fell lower, with the Tech Index closing down over 1%. The performance of the domestic Silver and Insurance Sectors was impressive, as China Everbright Bank rose over 4% against the market trend, and
Network Technology stocks fell, with XIAOMI-W down 2.27% and Bilibili-W down 1.47%; many Apple Supplier stocks declined, with FIH down 4.82% and BYD Electronics down 3.23%; Lithium Battery stocks generally fell, with Zhongxin Innovation down 3.78% and CHAOWEI POWER down 3.42%.
Quick look at the Hong Kong market | The three major Indexes in Hong Kong stock market collectively declined, with the Hang Seng Index falling below 0.02 million points; Technology stocks and financial stocks were generally sluggish, Bilibili falling over
The three major indices of the Hong Kong stock market all declined, with the Hang Seng Index falling 1.63%, the Tech Index dropping 2.40%, and the National Index decreasing by 1.96%.
In the "Big Bank," CICC's investment ratings and Target Prices for Chinese Network Technology stocks (Table).
CICC released a research report, listing the investment ratings and target prices for the Network Technology stocks as follows: Stock | Investment Rating | Target Price (HKD) TENCENT (00700.HK) | Outperform Industry | 468 HKD NetEase - S (09999.HK) | Outperform Industry | 180 HKD Kuaishou - W (01024.HK) | Outperform Industry | 66 HKD Bilibili - W (09626.HK) | Outperform Industry | 188 HKD Tencent Music - SW (01698.HK) | Outperform Industry | 52 HKD NetEase Cloud Music (0989
Hong Kong stock market midday review | The Hong Kong stock market is experiencing a pullback, with the Hang Seng Index falling by more than 1%. New Oriental dropped over 25% after its earnings report; some Semiconductors stocks rose against the market tre
Network Technology stocks fell broadly, with Bilibili-W down 6.16% and JD-SW down 4.42%; most Property Services and Management stocks declined, with CHINA RES MIXC down 3.13% and CHINA OVS PPT down 2.98%; Semiconductors stocks strengthened, with Ennoconn up 5.18% and Semiconductor Manufacturing International Corporation up 2.39%.
CITIC Lyon: Maintain NTES-S (09999) "outperform the market" rating. Game revenue is expected to rebound in the fourth quarter of 2024.
CITIC Lyon expects NTES-S (09999) to achieve a total revenue growth of 4% year-on-year in the fourth quarter of 2024.
Peer Lyon expects that NetEase (NTES.US) will see a 4% year-on-year increase in revenue and adjusted EBITDA for the last quarter.
Lyon released a Research Report stating that in light of the return of Blizzard Gaming and the strong growth of new games such as "Marvel's Contest of Champions," "The Sixteen Sounds of Yan Yun," and "Once Human," NetEase (NTES.US) gaming revenue is expected to rebound in the fourth quarter of 2024. As for 2025, the product line will be strengthened, particularly in undeveloped game types such as open-world role-playing games, shooting games, and anime games.
U.S. stocks closed higher | All three major indexes rose, with the Dow up over 1%, and NVIDIA rising more than 2% to regain the top position in Market Cap; U.S. space Concept stocks were strong, with RKLB soaring 30%.
On the first trading day of Trump's return to the White House, the Dow rose more than 1%, the chip Index rose over 2% at its peak, after multiple Institutions downgraded it, Apple fell over 3%, and NVIDIA surpassed to reclaim the Global Market Cap throne. Tesla turned down, Trump's media fell 11%, and Oracle, which will collaborate with SoftBank to invest in USA AI Infrastructure, rose over 7%. Netflix's Earnings Reports were Bullish, rising over 10% after hours. The China concept Index rose over 1% before turning down, New Oriental fell over 23%, and Xpeng Autos rose over 6%. Long-term bonds in Europe and the USA led gains, the dollar hit a two-week low, the Canadian dollar and Mexican peso fell, the offshore yuan briefly fell below 7.29 yuan, Trump's coin turned up, US oil fell as much as 3%, and Gold rose over 1% to its highest in more than two months.
In January, 136 domestic and imported Gaming were approved, including NetEase and Zhong Shouyou.
The National Press and Publication Administration released the approval information for domestically produced and imported Online Games for 2025, showing that in January, 123 domestic games and 13 imported games were approved. NetEase (09999.HK)(NTES.US) has its game "Frostpunk: The Last Haven" included in the list of approved imported games. Meanwhile, Zhong Shouyou (00302.HK) has "Three Thousand Fantasy Worlds" and ZENGAME (02660.HK) has "Ace Builder" included in the list of approved domestic games.
Cloud Native Computing Foundation Announces CubeFS Graduation
In January, the import licenses for Online Games were issued, with 13 games approved, including Kingnet Network (002517.SZ) and NetEase (09999).
On January 21, the National Press and Publication Administration released the approval information for imported Online Games in January, with a total of 13 games approved, including NetEase (09999) 'Frostpunk: The Last Shelter' and Kingnet Network (002517.SZ) 'Hot Blooded Jianghu: Return'.