Re: Netease (NTES); HK 9999
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not vested
<Research>M Stanley Chops NetEase, Inc. (NTES.US) TP to US$135, 2024 Game Rev. Growth Forecast to 10%
NTES-S (09999.HK) After "Condor Heroes" was officially launched last Thursday (28 March), with the opening of an open test on all platforms, Morgan Stanley released a research report saying. However, its performance after the launch seems to be weaker than expected.
Overall, Morgan Stanley lowered its 2024 to 2025 diluted EPS forecasts by 4-9% for NTES-S, and chopped its target price on NetEase, Inc. (NTES.US) from US$150 to US$135.
Related News: JPM Notes Weaker-than-expected Debut of NTES-S (09999.HK)'s 'She Diao' Game
Morgan Stanley predicted that game revenues in 1Q24 and 2Q24 will fall by 5% and 12% YoY each, and the annual growth forecast for game revenues will be lowered to 10%.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN
<Research>M Stanley Chops NetEase, Inc. (NTES.US) TP to US$135, 2024 Game Rev. Growth Forecast to 10%
NTES-S (09999.HK) After "Condor Heroes" was officially launched last Thursday (28 March), with the opening of an open test on all platforms, Morgan Stanley released a research report saying. However, its performance after the launch seems to be weaker than expected.
Overall, Morgan Stanley lowered its 2024 to 2025 diluted EPS forecasts by 4-9% for NTES-S, and chopped its target price on NetEase, Inc. (NTES.US) from US$150 to US$135.
Related News: JPM Notes Weaker-than-expected Debut of NTES-S (09999.HK)'s 'She Diao' Game
Morgan Stanley predicted that game revenues in 1Q24 and 2Q24 will fall by 5% and 12% YoY each, and the annual growth forecast for game revenues will be lowered to 10%.
Source: AAStocks Financial News
http://www.aastocks.com/en/stocks/news/ ... -news/AAFN