高盛发布研究报告称,予 $NTES-S (09999.HK)$ "Buy" rating, with a target price of HK$179 for H shares. Netease management stated that the performance of "Fantasy Westward Journey" PC version continues to stabilize, the user engagement of "Revelation" meets expectations, and "Once Human" and the return of Blizzard to the mainland have a sustained contribution to Q3 profits.
The bank pointed out that "Yan Yun Sixteen Sounds" will be released on schedule at the end of this year, and "Marvel Duel" has received global acclaim and will be launched on December 6th. In addition, overseas expansion is a long-term strategy, with three main directions: using its own research and development capabilities on existing overseas intellectual properties, promoting self-developed games overseas, and developing brand-new patents through smaller overseas studios. The company will also actively accelerate repurchases and is expected to provide stable returns to its shareholders with potential for growth.