0359 GMT - Tencent and NetEase's shares could benefit from the potential success of their new game launches, Daiwa analysts say in a research note. The new games "Path of Exile 2" and "Marvel Rivals" released by Tencent and NetEase, respectively, in December could exceed market expectations as their sales momentum remains strong after four weeks, the analysts say. The success of the games could help expand the Chinese game makers' influence in the international market, they say, noting that international expansion remains an important catalyst for their stock re-rating. Tencent remains Daiwa's top pick, while NetEase could deliver an upside surprise if one of its titles achieves better-than-expected sales. Tencent's shares are 1.35% down at HK$408.00, while NetEase is up 0.3% at HK$136.90. (sherry.qin@wsj.com)
(END) Dow Jones Newswires
January 05, 2025 22:59 ET (03:59 GMT)
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