Lates News

The Daiwa report indicates that NetEase's game revenue in the third quarter may improve compared to the previous quarter due to major game updates. These analysts say that classic games such as "The Seven Worlds" and "Identity V" saw strong momentum entering the third quarter after significant updates in July. Daiwa expects that the year-on-year growth of the third quarter's online game revenue will accelerate to 16.5% due to adjustments to games such as "Fantasy Westward Journey" and "Egg Party," which resulted in a lower base in the second half of 2024. The recently launched "Marvel: Battle Lines" still has the potential to increase its revenue, as NetEase plans to update its content every six weeks to maintain its player base of one million. Daiwa has raised the target price of this Chinese game company from 235.00 Hong Kong dollars to 260.00 Hong Kong dollars while maintaining a buy rating on the stock.