Futu News reported on November 23. According to a research report published by Yamato,$NetEasis-S (09999.HK) $Revenue for the third quarter rose 27.5%, higher than peer expectations of 3%. Although mobile game revenue was still below expectations of 5%, performance showed its ability to turn it into profit.

The bank expects recovery to be driven by deferred revenue in the fourth quarter. At the same time, the profit of the online education business is under pressure, but it is generally reflected that next year's overseas business and the launch of major games may drive a revaluation. The current valuation is underestimated, reaffirming the “buy” rating, and the target price has risen from HK$172 to HK$187.

As of press release, NetEase's Hong Kong stock rose more than 4% to HK$147.5, with a total market value of HK$509.63 billion.