On June 26th, Netease (NTES.US) pre-market trading rose 3.28%, to $96.09. On the news side, the National Press and Publication Administration announced the approval information of 104 domestic online games in June 2024. In addition, the National Press and Publication Administration has also updated the game approval and change information in 2024, including the addition of the mobile version of "Teya Epic". In addition, Haitong International published a report indicating that it is bullish on Netease's summer new game launch performance and long-term leading game development strength. It is expected that "Yongjie Mobile Game" will be launched before early August, with current official website pre-orders exceeding 30 million and TapTap pre-orders totaling 6.48 million. The final test started on June 19th and currently has good player feedback. Its first-year revenue is expected to exceed 5 billion yuan, making it one of the biggest elastic sources of Netease's performance in the second half of the year. According to the bank's forecast, the current company valuation is equivalent to 12 times and 11 times the PE ratio of the 2024 and 2025 fiscal years, respectively, and is at a historically low valuation.
美股异动｜网易盘前涨超3% 旗下《泰亚史诗》新增移动端+机构看好暑假新游上线表现
US stock market anomaly | Netease rose more than 3% before the market, and its game "The Chia Tai Epic" has added mobile platforms. Institutions are bullish on the performance of new summer games online.
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