NetEase's PC Games Could Become Key Growth Driver -- Market Talk

Dow Jones

Oct 25, 2024

0457 GMT - NetEase's PC games may overtake mobile games as the key growth driver in the near term, say HSBC analysts in a research note. HSBC cuts its mobile game revenue forecast for NetEase. The company's PC game revenue has been supported by robust results from Blizzard's "World of Warcraft." Higher contributions from the lower-margin Blizzard games may weigh on NetEase's bottom line. "But we like NTES's game development capability and efforts to diversify into more high-DAU titles, which should pave way for more sustainable growth in the long run," the bank says.It maintains a buy call on NetEase but lowers its ADR target to US$110.00 from US$120.00. The ADRs last closed at US$78.89. (sherry.qin@wsj.com)

(END) Dow Jones Newswires

October 25, 2024 00:57 ET (04:57 GMT)

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HSBC cuts its mobile game revenue forecast for NetEase. The company's PC game revenue has been supported by robust results from Blizzard's \"World of Warcraft.\" Higher contributions from the lower-margin Blizzard games may weigh on NetEase's bottom line. \"But we like NTES's game development capability and efforts to diversify into more high-DAU titles, which should pave way for more sustainable growth in the long run,\" the bank says.It maintains a buy call on NetEase but lowers its ADR target to US$110.00 from US$120.00. The ADRs last closed at US$78.89. (sherry.qin@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 25, 2024 00:57 ET (04:57 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>NetEase's PC Games Could Become Key Growth Driver -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nNetEase's PC Games Could Become Key Growth Driver -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-10-25 12:57</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0457 GMT - NetEase's PC games may overtake mobile games as the key growth driver in the near term, say HSBC analysts in a research note. HSBC cuts its mobile game revenue forecast for NetEase. The company's PC game revenue has been supported by robust results from Blizzard's \"World of Warcraft.\" Higher contributions from the lower-margin Blizzard games may weigh on NetEase's bottom line. \"But we like NTES's game development capability and efforts to diversify into more high-DAU titles, which should pave way for more sustainable growth in the long run,\" the bank says.It maintains a buy call on NetEase but lowers its ADR target to US$110.00 from US$120.00. The ADRs last closed at US$78.89. (sherry.qin@wsj.com) \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  October 25, 2024 00:57 ET (04:57 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"BK1572","symbol_name":"香港银行股","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2478075625","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2478075625","pubTimestamp":1729832220,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0457 GMT - NetEase's PC games may overtake mobile games as the key growth driver in the near term, say HSBC analysts in a research note. HSBC cuts its mobile game revenue forecast for NetEase. The company's PC game revenue has been supported by robust results from Blizzard's \"World of Warcraft.\" Higher contributions from the lower-margin Blizzard games may weigh on NetEase's bottom line. \"But we like NTES's game development capability and efforts to diversify into more high-DAU titles, which should pave way for more sustainable growth in the long run,\" the bank says.It maintains a buy call on NetEase but lowers its ADR target to US$110.00 from US$120.00. The ADRs last closed at US$78.89. 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HSBC cuts its mobile game revenue forecast for NetEase. The company's PC game revenue has been supported by robust results from Blizzard's \"World of Warcraft.\" Higher contributions from the lower-margin Blizzard games may weigh on NetEase's bottom line. \"But we like NTES's game development capability and efforts to diversify into more high-DAU titles, which should pave way for more sustainable growth in the long run,\" the bank says.It maintains a buy call on NetEase but lowers its ADR target to US$110.00 from US$120.00. The ADRs last closed at US$78.89. (sherry.qin@wsj.com) \n\n\n \n\n\n  (END) Dow Jones Newswires\n\n\n  October 25, 2024 00:57 ET (04:57 GMT)\n\n\n  Copyright (c) 2024 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"dataReport","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":true,"code":"91000000","status":"200"}}}