The Zhitong Finance App learned that game stocks rose again in early trading. As of press release, Hometown Interactive (03798) rose 16.48% to HK$2.12; Xindong Company (02400) rose 5.85% to HK$28.95; Bilibili-W (09626) rose 2.79% to HK$191.8; NetEase-S (09999) rose 1.94% to HK$141.8; Tencent (00700) rose 1.91% to HK$384.
Guoxin Securities believes that with the reversion and changes in regulatory trends, the launch of new games is expected to drive the domestic game market to gradually recover from a low base; relying on the obvious advantages of domestic game companies in R&D and operation, there is still room for continuous improvement in the overseas market. With regulatory shifts, overall improvements in the market environment, and industry recovery, the game industry has an objective basis for Davis's double click.
The bank also said that in the medium to long term, new technologies and models represented by VR/AR, AIGC, metaverse, WEB3, etc. are gradually getting closer. As one of the best content carriers, there is a possibility that valuation and even fundamentals will be repaired beyond expectations.