NetEase Inc Ordinary Shares
09999: XHKG (HKG)
Morningstar Rating for Stocks | Fair Value | Economic Moat | Capital Allocation |
---|---|---|---|
HK$268.00 | Cyrcy | Wqpmgxpt |
NetEase Earnings: Management Reassures as Growth Continues Amid Regulatory Stability
Narrow-moat NetEase’s first-quarter earnings were in line with our expectations. Management clarified recent updates to its legacy title, Fantasy Westward Journey, confirming that these were not regulatory-driven, thereby providing reassurance to investors. With an impressive lineup of releases scheduled for this summer, NetEase is poised for a strong showing. We maintain our earnings estimates and keep our fair value estimates at USD 158 and HKD 246 per share. We continue to view shares as undervalued.