not vested
NetEase is China's leading Internet technology company.
Valued at $16 billion, it's one of China's largest Internet service providers... and also operates China's largest online gaming network.
According to Alexa's Internet rankings, NetEase's 163.com is the 64th most-visited website in the world – beating out the likes of ESPN and CNN.
As you can see below, NetEase shares are booming along with China.
In the past year alone, shares have gone from less than $70 to more than $125 – a gain of more than 85%. Just yesterday, shares set another new all-time high.
The boom in Chinese stocks is still on.
Source: Daily Wealth
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NetEase (NTES); HK 9999
31 posts
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NetEase (NTES); HK 9999
by winston » Fri May 01, 2015 8:09 pm
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
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Re: Netease (NTES)
by winston » Tue Oct 11, 2016 11:09 am
not vested
NetEase: Why CICC Sees Another 30% Upside
By Shuli Ren
Chinese Internet game maker NetEase (NTES) has already soared 46% this year. But according to Chinese investment bank CICC, this stock has another 30% upside.
CICC this morning upgraded NetEase to Buy with a new price target of $345. NetEase closed at $261.34 on Monday.
NetEase is a gaming powerhouse. CICC’s Natalie Wu wrote:
We expect the size of the mobile game market will be even larger than expected, as well as more concentrated than that of client-based games.
We forecast the market size could reach Rmb167bn/242bn in 2018/20 (vs. Rmb91bn this year), with Tencent and NTES taking the largest slices of the pie;
We anticipate NTES will see a rerating as the risk of its dependence on major games has decreased over the past six months, it is also not necessarily dependent on its old legacies.
We expect more surprises to come following its recent hit game Onmyoji, leading to a rise in consensus; and estimate 2017 EPS of US$17.2 vs. BLMG consensus of US$14.7.
Hike TP to US$345 (36% upside) on raising consensus estimates and multiple reratings over the next 12 months.
We expect revenue/NP +28%/+22% in 2017.
Our TP represents 20x 2017e PER (17x ex-cash; EA: 20x on 13% growth; ATVI: 20x on 14%).
On point 2, CICC is referring to Onmyoji, a new mobile game that is not converted from NetEase’s legacy games. Onmyoji entered the top 5 games in Apple iOS’ China store within two weeks of its launch and ranked no 1 within a month.
Tencent (700.Hong Kong/TCEHY) is now trading at 32 times forward earnings. NetEase, by comparison, trades at 17.7 times.
Source: Barron's Asia
http://blogs.barrons.com/asiastocks/201 ... 30-upside/
NetEase: Why CICC Sees Another 30% Upside
By Shuli Ren
Chinese Internet game maker NetEase (NTES) has already soared 46% this year. But according to Chinese investment bank CICC, this stock has another 30% upside.
CICC this morning upgraded NetEase to Buy with a new price target of $345. NetEase closed at $261.34 on Monday.
NetEase is a gaming powerhouse. CICC’s Natalie Wu wrote:
We expect the size of the mobile game market will be even larger than expected, as well as more concentrated than that of client-based games.
We forecast the market size could reach Rmb167bn/242bn in 2018/20 (vs. Rmb91bn this year), with Tencent and NTES taking the largest slices of the pie;
We anticipate NTES will see a rerating as the risk of its dependence on major games has decreased over the past six months, it is also not necessarily dependent on its old legacies.
We expect more surprises to come following its recent hit game Onmyoji, leading to a rise in consensus; and estimate 2017 EPS of US$17.2 vs. BLMG consensus of US$14.7.
Hike TP to US$345 (36% upside) on raising consensus estimates and multiple reratings over the next 12 months.
We expect revenue/NP +28%/+22% in 2017.
Our TP represents 20x 2017e PER (17x ex-cash; EA: 20x on 13% growth; ATVI: 20x on 14%).
On point 2, CICC is referring to Onmyoji, a new mobile game that is not converted from NetEase’s legacy games. Onmyoji entered the top 5 games in Apple iOS’ China store within two weeks of its launch and ranked no 1 within a month.
Tencent (700.Hong Kong/TCEHY) is now trading at 32 times forward earnings. NetEase, by comparison, trades at 17.7 times.
Source: Barron's Asia
http://blogs.barrons.com/asiastocks/201 ... 30-upside/
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 119630
- Joined: Wed May 07, 2008 9:28 am
Re: Netease (NTES)
by winston » Wed Jan 04, 2017 7:42 am
not vested
NetEase eye global breakthroughs in mobile gaming
Source: SCMP
http://www.scmp.com/tech/china-tech/art ... ile-gaming
NetEase eye global breakthroughs in mobile gaming
Source: SCMP
http://www.scmp.com/tech/china-tech/art ... ile-gaming
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 119630
- Joined: Wed May 07, 2008 9:28 am
Re: Netease (NTES); HK 9999
by winston » Thu Jun 04, 2020 1:22 pm
not vested
<Feature>NTES-S (09999.HK) Online-game Dominant Making up 80% Total Revenue; Brokers Expect Valuation, Growth Below Tencent
NetEase's listing valuation was below Tencent's as the second largest online game operator in China
20 out of 22 brokers rated NTES.O at Buy, Overweight and Outperform with target prices of US$330-500 (median: US$451.5), according to our reporters' compilation.
UBS said in its report last month that NetEase was trading at 20.8x 2020E P/E, lower than Tencent's 29.4x and Perfect World's 23.2x.
UBS also forecast NetEase's 2019E-2021E earning CAGR at 11%, vs Tencent and Perfect World's 24% and 39%.
NetEase's online game made up 80% of total revenue
NetEase reported 1Q20 non-GAAP net profit at RMB4.213 billion, up 26% YoY. The net revenue rose 18% YoY, among which online game revenue was RMB13.518 billion, up 14% YoY, representing 79% of the total revenue.
For comparison, Tencent reported 1Q20 non-IFRS net profit at RMB28.896 billion, up 29% YoY.
The revenue rose 26% YoY to RMB108 billion, among which online game revenue was RMB37.298 billion, up 31% YoY, representing 34.5% of the total revenue.
Source: AAStocks Financial News
<Feature>NTES-S (09999.HK) Online-game Dominant Making up 80% Total Revenue; Brokers Expect Valuation, Growth Below Tencent
NetEase's listing valuation was below Tencent's as the second largest online game operator in China
20 out of 22 brokers rated NTES.O at Buy, Overweight and Outperform with target prices of US$330-500 (median: US$451.5), according to our reporters' compilation.
UBS said in its report last month that NetEase was trading at 20.8x 2020E P/E, lower than Tencent's 29.4x and Perfect World's 23.2x.
UBS also forecast NetEase's 2019E-2021E earning CAGR at 11%, vs Tencent and Perfect World's 24% and 39%.
NetEase's online game made up 80% of total revenue
NetEase reported 1Q20 non-GAAP net profit at RMB4.213 billion, up 26% YoY. The net revenue rose 18% YoY, among which online game revenue was RMB13.518 billion, up 14% YoY, representing 79% of the total revenue.
For comparison, Tencent reported 1Q20 non-IFRS net profit at RMB28.896 billion, up 29% YoY.
The revenue rose 26% YoY to RMB108 billion, among which online game revenue was RMB37.298 billion, up 31% YoY, representing 34.5% of the total revenue.
Source: AAStocks Financial News
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 119630
- Joined: Wed May 07, 2008 9:28 am
Re: Netease (NTES); HK 9999
by winston » Mon Aug 17, 2020 11:00 am
not vested
NTES(9999)
Analysis：
Netease (9999.HK) has a successful online game business, developing and operating a rich portfolio of highly popular titles.
It is the second largest mobile game company in the world.
The company has announced its second-quarter results last Thursday.
The company`s second-quarter revenue was RMB 35.25 billion, an increase of 22 .1% yoy, while the second-quarter net profit from continuing operations was RMB 4.54 billion, an increase of 35.29% yoy.
The company`s management stated that although the current international situation is relatively complicated, but the company`s long-term investment in games will not be affected by short-term changes in the situation.
Hence, it will continue to invest in the game industry in the future and shift its sights to the world.
In summary, the company`s second-quarter results beat expectations.
It will launch several IP masterpieces such as "Harry Potter" and "The Lord of the Rings" in H2. We believe the company has a promising future growth.
Strategy：
Buy-in Price: $144, Target Price: $159, Cut Loss Price: $136
Source: Phillips
NTES(9999)
Analysis：
Netease (9999.HK) has a successful online game business, developing and operating a rich portfolio of highly popular titles.
It is the second largest mobile game company in the world.
The company has announced its second-quarter results last Thursday.
The company`s second-quarter revenue was RMB 35.25 billion, an increase of 22 .1% yoy, while the second-quarter net profit from continuing operations was RMB 4.54 billion, an increase of 35.29% yoy.
The company`s management stated that although the current international situation is relatively complicated, but the company`s long-term investment in games will not be affected by short-term changes in the situation.
Hence, it will continue to invest in the game industry in the future and shift its sights to the world.
In summary, the company`s second-quarter results beat expectations.
It will launch several IP masterpieces such as "Harry Potter" and "The Lord of the Rings" in H2. We believe the company has a promising future growth.
Strategy：
Buy-in Price: $144, Target Price: $159, Cut Loss Price: $136
Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 119630
- Joined: Wed May 07, 2008 9:28 am
Re: Netease (NTES); HK 9999
by winston » Thu Sep 03, 2020 10:35 am
not vested
NTES-S(9999)
Analysis：
For the second quarter ended June 30 2020, NetEase (9999.HK) recorded net revenues of RMB18.2 billion (US$2.6 billion), an increase of 25.9% compared with the second quarter of 2019.
Net income from continuing operations attributable to the Company's shareholders was RMB4.5 billion (US$642.3 million).
The growth was attributable to the strong performances from its online game services and NetEase Cloud Music.
Advanced near-term titles for release including Onmyoji: Yokai Koya, as well as other upcoming titles in the pipeline such as: The Lord of the Rings: Rise to War, Harry Potter : Magic Awakened, For All Time, Revelation mobile game, Ghost World Chronicle, Nightmare Breaker, Infinite Lagrange, Diablo Immortal and Pokémon Quest.(I do not hold the above stock)
Strategy：
Buy-in Price: $150, Target Price: $165, Cut Loss Price: $142.5
Source: Phillips
NTES-S(9999)
Analysis：
For the second quarter ended June 30 2020, NetEase (9999.HK) recorded net revenues of RMB18.2 billion (US$2.6 billion), an increase of 25.9% compared with the second quarter of 2019.
Net income from continuing operations attributable to the Company's shareholders was RMB4.5 billion (US$642.3 million).
The growth was attributable to the strong performances from its online game services and NetEase Cloud Music.
Advanced near-term titles for release including Onmyoji: Yokai Koya, as well as other upcoming titles in the pipeline such as: The Lord of the Rings: Rise to War, Harry Potter : Magic Awakened, For All Time, Revelation mobile game, Ghost World Chronicle, Nightmare Breaker, Infinite Lagrange, Diablo Immortal and Pokémon Quest.(I do not hold the above stock)
Strategy：
Buy-in Price: $150, Target Price: $165, Cut Loss Price: $142.5
Source: Phillips
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 119630
- Joined: Wed May 07, 2008 9:28 am
Re: Netease (NTES); HK 9999
by winston » Mon Dec 25, 2023 9:40 pm
vested
JPM Trims NTES-S (09999.HK) TP to $195, Lowers Near-term Game Rev. Forecast
2023/12/14
JPMorgan turned conservative on the near-term game revenue of NTES-S (09999.HK) and reduced the 4Q23E and 1Q24E game revenue for the company by 4% and 5%, respectively.
The H-share target price of the stock was slashed from $200 to $195, with its rating kept at Overweight.
The launch of TENCENT (00700.HK)'s DreamStar on 15 December would potentially weigh on the revenue of Eggy Party, especially amid the torpid revenue trend from new game titles in 4Q23, the report elaborated.
JPMorgan chopped the 2023-24E revenue for NTES-S by 1% and 2%, respectively, to factor in the lower game and live-streaming revenues.
The 2023-24E EPS were likewise cut by 1% and 3%, respectively.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
JPM Trims NTES-S (09999.HK) TP to $195, Lowers Near-term Game Rev. Forecast
2023/12/14
JPMorgan turned conservative on the near-term game revenue of NTES-S (09999.HK) and reduced the 4Q23E and 1Q24E game revenue for the company by 4% and 5%, respectively.
The H-share target price of the stock was slashed from $200 to $195, with its rating kept at Overweight.
The launch of TENCENT (00700.HK)'s DreamStar on 15 December would potentially weigh on the revenue of Eggy Party, especially amid the torpid revenue trend from new game titles in 4Q23, the report elaborated.
JPMorgan chopped the 2023-24E revenue for NTES-S by 1% and 2%, respectively, to factor in the lower game and live-streaming revenues.
The 2023-24E EPS were likewise cut by 1% and 3%, respectively.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
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winston - Billionaire Boss
- Posts: 119630
- Joined: Wed May 07, 2008 9:28 am
Re: Netease (NTES); HK 9999
by winston » Mon Dec 25, 2023 9:49 pm
vested
Nov 17, 2023
Brokers│Views
Morgan Stanley│3Q total revenues slightly declined; earnings growth beat
CLSA│Online game business charted robust performance
UBS│Strong new product launches began to bring high-margin revenue growth
HSBC Global Research│Outlook promising
Daiwa│3Q mobile game revenue saw remarkable growth; focus on launches of key titles in 1H24
BOC International│Quarterly results saw high-quality growth
Jefferies│Revenue growth in line on mobile game & value-added services; focus on mobile game
title launches in 1H24
Goldman Sachs│3Q margin expansion & profit growth beat; yet revenue growth missed
Citigroup│3Q revenue growth in line while core earnings growth beat
Nomura│ 3Q revenue growth far above forecasts
JPMorgan│ Estimate-beating earnings growth driven by online game margin expansion
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
Nov 17, 2023
Brokers│Views
Morgan Stanley│3Q total revenues slightly declined; earnings growth beat
CLSA│Online game business charted robust performance
UBS│Strong new product launches began to bring high-margin revenue growth
HSBC Global Research│Outlook promising
Daiwa│3Q mobile game revenue saw remarkable growth; focus on launches of key titles in 1H24
BOC International│Quarterly results saw high-quality growth
Jefferies│Revenue growth in line on mobile game & value-added services; focus on mobile game
title launches in 1H24
Goldman Sachs│3Q margin expansion & profit growth beat; yet revenue growth missed
Citigroup│3Q revenue growth in line while core earnings growth beat
Nomura│ 3Q revenue growth far above forecasts
JPMorgan│ Estimate-beating earnings growth driven by online game margin expansion
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 119630
- Joined: Wed May 07, 2008 9:28 am
Re: Netease (NTES); HK 9999
by winston » Mon Dec 25, 2023 9:57 pm
vested
NTES-S 3Q Non-GAAP NP from Continuing Operations Rises 15.7% to RMB8.645B, Beats
2023/11/16
NTES-S (09999.HK) (NTES.US) announced its results for 3Q ended September.
Net profit was RMB7.837 billion, rising 17% YoY.
Non-GAAP net profit was RMB8.645 billion, a 15.7% YoY increase, better than the upper limit of the market's expectation at RMB7.719 billion.
(As summarised by our reporters, the forecasted non-GAAP net profit by 10 brokers ranged from RMB6.884 billion to RMB7.719 billion.)
Revenue was RMB27.3 billion, elevating 11.6% YoY.
Revenue from games and related value-added services was RMB21.8 billion, rising 16.5% YoY.
Revenue from Youdao was RMB1.5 billion, including 9.7% YoY.
Revenue from Cloud Music was RMB2.0 billion, down 16.3% YoY.
Revenue from Innovative Business and Others amounted to RMB2.0 billion, a slight increase YoY.
Gross profit was RMB17 billion, up 23.4% YoY, while operating expenses were RMB9.4 billion, up 4.5% YoY.
The Board of Directors declared a quarterly dividend of US$0.099 per share.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
NTES-S 3Q Non-GAAP NP from Continuing Operations Rises 15.7% to RMB8.645B, Beats
2023/11/16
NTES-S (09999.HK) (NTES.US) announced its results for 3Q ended September.
Net profit was RMB7.837 billion, rising 17% YoY.
Non-GAAP net profit was RMB8.645 billion, a 15.7% YoY increase, better than the upper limit of the market's expectation at RMB7.719 billion.
(As summarised by our reporters, the forecasted non-GAAP net profit by 10 brokers ranged from RMB6.884 billion to RMB7.719 billion.)
Revenue was RMB27.3 billion, elevating 11.6% YoY.
Revenue from games and related value-added services was RMB21.8 billion, rising 16.5% YoY.
Revenue from Youdao was RMB1.5 billion, including 9.7% YoY.
Revenue from Cloud Music was RMB2.0 billion, down 16.3% YoY.
Revenue from Innovative Business and Others amounted to RMB2.0 billion, a slight increase YoY.
Gross profit was RMB17 billion, up 23.4% YoY, while operating expenses were RMB9.4 billion, up 4.5% YoY.
The Board of Directors declared a quarterly dividend of US$0.099 per share.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 119630
- Joined: Wed May 07, 2008 9:28 am
Re: Netease (NTES); HK 9999
by winston » Wed Apr 03, 2024 12:16 pm
vested
<Research>JPM Suggests Buying on Dip for NTES-S (09999.HK); Multiple Upside Catalysts in Coming 6-12 Mths
JPMorgan wrote in a report that NTES-S (09999.HK) is now valued at 13x 2024 forecasted P/E ratio, a discount of more than 30% to global gaming peers EA and Nintendo, after crashing about 16% from its recent highs.
The broker believed that the negative impact of NetEase's "She Diao" (Condor Heroes) and the PC version of "Fantasy Westward Journey" has been absorbed and that the company has a number of catalysts to drive its share price upward in the next 6 to 12 months.
First, JPM is positive about NetEase's new game "Naraka Bladepoint Mobile", which will be launched in 2Q24, believing that the new game's revenue contribution would be similar to that of "Justice Mobile", another one of its handheld titles.
The company may also launch "Where Winds Meet" in 2Q24.
Second, the company will host its annual game conference in May of this year, which will provide clues on its game development pipelines for 2025 and 2026.
Finally, China's online gaming regulator may release a new online game regulation draft.
At the same time, JPM believed that renewed cooperation between NetEase and Blizzard in the Chinese market is sufficient to offset the revenue risk of "Fantasy Westward Journey", and expected the relevant cooperation to bring a 3-4% upside to NetEase's online game revenue.
In addition, the broker expected the company to achieve a 10% YoY growth in performance this year.
JPMorgan gave a target price of $200 to NetEase H-shares and maintained its Overweight rating, suggesting investors to buy on this dip.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
<Research>JPM Suggests Buying on Dip for NTES-S (09999.HK); Multiple Upside Catalysts in Coming 6-12 Mths
JPMorgan wrote in a report that NTES-S (09999.HK) is now valued at 13x 2024 forecasted P/E ratio, a discount of more than 30% to global gaming peers EA and Nintendo, after crashing about 16% from its recent highs.
The broker believed that the negative impact of NetEase's "She Diao" (Condor Heroes) and the PC version of "Fantasy Westward Journey" has been absorbed and that the company has a number of catalysts to drive its share price upward in the next 6 to 12 months.
First, JPM is positive about NetEase's new game "Naraka Bladepoint Mobile", which will be launched in 2Q24, believing that the new game's revenue contribution would be similar to that of "Justice Mobile", another one of its handheld titles.
The company may also launch "Where Winds Meet" in 2Q24.
Second, the company will host its annual game conference in May of this year, which will provide clues on its game development pipelines for 2025 and 2026.
Finally, China's online gaming regulator may release a new online game regulation draft.
At the same time, JPM believed that renewed cooperation between NetEase and Blizzard in the Chinese market is sufficient to offset the revenue risk of "Fantasy Westward Journey", and expected the relevant cooperation to bring a 3-4% upside to NetEase's online game revenue.
In addition, the broker expected the company to achieve a 10% YoY growth in performance this year.
JPMorgan gave a target price of $200 to NetEase H-shares and maintained its Overweight rating, suggesting investors to buy on this dip.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/analy ... stock-news
It's all about "how much you made when you were right" & "how little you lost when you were wrong"
-
winston - Billionaire Boss
- Posts: 119630
- Joined: Wed May 07, 2008 9:28 am
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