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<Research>CICC: NTES-S (09999.HK) Fundamentals Solid; 'Naraka: Bladepoint' Launch in Jul
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CICC released a research report that NTES-S (09999.HK)(NTES.US)'s key blockbuster mobile game "Naraka: Bladepoint" will hit the market on 25 July. According to the official announcement, there will be the launch of a variety of joint promotional activities, in addition to the "Once Human" and "Where Winds Meet" to be launched within the month. A variety of new games will also be launched one after another within the third quarter. It is expected that the growth entailed by the new works, paired with the company's solid fundamentals, will underpin the outlook for earnings growth. The broker maintained its current earnings forecast on NTES-S with Outperform rating, with an H-share target price of $206 and a U.S. target price of US$133. AAStocks Financial News |
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