Intraday report on Nov 15th by CapitalMandate|Netease (NTES.US) pre-market trading up 1.9%, at $85.82. On the news front, UBS Group released research reports, maintaining a 'buy' rating on Netease, with the H股 target price raised to HK$198, stating that third-quarter earnings beat expectations, core gaming business revenue exceeded expectations, reassuring investors. The third-quarter performance alleviated market concerns about the company's game growth momentum and sales channels for next year, with Netease's game growth expected to return to double-digit annual growth next year. In addition, Bank of America Securities released research reports, maintaining an H股 target price of HK$187, reiterating a 'buy' rating, bullish on the recovery of its gaming business performance and undervaluation. Daiwa released research reports, reiterating a 'buy' rating on Netease, with computer game revenue in the third quarter exceeding expectations, while deferred income remains stable, increasing by 20% quarterly. (CapitalMandate)
美股异动｜网易盘前涨1.9% 绩后获瑞银上调目标价 看好游戏业务回升
US stocks fluctuation | Netease rose 1.9% before the market, after the performance, received a target price increase from ubs group, bullish on the recovery of the business.
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