US Stock Market Move | Netease Inc Sponsored ADR (NTES.US) rose nearly 3%. Goldman Sachs Group, Inc.: Stock price strong momentum will continue in the second half of the year.
On Monday, NetEase (NTES.US) rose nearly 3%, closing at $130.92.
On Monday, Netease Inc Sponsored ADR (NTES.US) rose nearly 3% to $130.92. On the news front, Goldman Sachs Group, Inc. analyst Lincoln Kong recently recommended Netease Inc Sponsored ADR stock. In his research report, he pointed out that since Netease Inc Sponsored ADR announced strong first quarter 2026 results in May, its stock price has remained very strong, and he expects this strong momentum to continue in the second half of the year, especially with the launch of several new games in July that will further boost its profitability.
Furthermore, Goldman Sachs Group, Inc. also provided a unique investment logic: the market is currently concerned about the disruptive impact of artificial intelligence (AI) on traditional software and applications, and many Chinese internet peers are facing serious pressure on profit margins due to excessive investment in AI. In contrast, Netease Inc Sponsored ADR, with its high barriers to entry in the core assets of games, stands out as an extremely attractive "non-AI" high-growth safe haven enterprise.
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On July 8th, TUHU-W (09690) spent 4.5764 million Hong Kong dollars to buy back 34.82 thousand shares.

YNBY INTL (00030) spent HKD 3.3259 million on July 8 to repurchase 12.318 million shares.

SCIENTECH (02291) spent 51,000 Hong Kong dollars to repurchase 5000 shares on July 8th.

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