Goldman Sachs released a research report stating that the Non-GAAP Net income forecast for NTES-S (09999) for last year remains at 31.72 billion yuan; revenue and forecasts for this year and next year have been raised by 0.4% and 0.5% respectively, with Non-GAAP Net income forecasts raised by 0.7% and 0.5% to 35.065 billion and 38.164 billion yuan respectively. The Target Price has been adjusted from 169 HKD to 181 HKD, deeming the risk-reward ratio attractive, rating "Buy".