DJ NetEase's Upcoming Game Titles Look Promising -- Market Talk
0736 GMT - NetEase Inc.'s upcoming new game titles could boost its gaming revenue through 2021, Nomura says. Four of these new games by NetEase have the potential to become hit titles, it says. Meanwhile, the Chinese company's cash dividend might grow at an impressive 19% CAGR for 2020-2022, backed by a 20% revenue CAGR for the same period, the investment bank says. It keeps a buy rating and raises the target price for NetEase's Hong Kong shares to HK$173.00 from HK$169.00. Shares rise 4.6% to HK$148.40 amid a tech rally. (martin.mou@wsj.com)
(END) Dow Jones Newswires
November 23, 2020 02:36 ET (07:36 GMT)
Copyright (c) 2020 Dow Jones & Company, Inc.