According to a research report published by Furi, the adjustment of the economic system within Netease's (09999.HK) computer version of "Fantasy Westward Journey" has affected the virtual trade ecosystem between game players, causing market concerns and dragging down stock prices about 3% yesterday (18th).

Furi believes that the stock price has been excessively adjusted, and points out that game operators who manage and restrict high-value virtual weapon trades are measures that promote the healthy development of the game community. The depreciation of game currency is also within expectations. After this adjustment, the daily active user volume of the game remains stable. In addition, the adjustment occurred in the first quarter of this year. The worry about the continued weakness in the game performance in the second quarter is an overreaction.

The bank pointed out that Netease has strong execution capabilities in game development. In addition to the existing games such as "Fantasy Westward Journey" mobile game, "Identity V", "Egg Party", and computer version of "Revelation Online", they are also developing many new games such as "Seven Days World", mobile games of "Revelation Online", and "Yanyun Sixteen Sound". They believe that the game portfolio has a strong prospect and maintain a "buy" rating with a target price of 129 yuan.