2024-05-09 09:44
CICC forecasted in a report that NTES-S (09999.HK) +1.000 (+0.662%) Short selling $239.02M; Ratio 19.296% would report a 6% YoY growth in 1Q24 revenue to RMB26.4 billion, compared to the consensus prediction of RMB26.8 billion. Specifically, the broker expects the group's mobile games revenue to rise 11% YoY to RMB15 billion, compared with the market forecast of RMB15.5 billion, while non-GAAP net profit is expected to elevate 9% to RMB8.2 billion.
CICC noted that the release date of NetEase's handheld game “Where Winds Meet” has not yet been scheduled, and it is relatively cautious about the revenue of the group's existing games. The broker therefore lowered its non-GAAP net profit forecasts on the group by 2% in 2024 and 2025, which are now expected to reach RMB33.4 billion and RMB37.2 billion respectively.
Related NewsCLSA Expects NTES-S (09999.HK) 1Q24 Rev./ EBITDA Growth to Slow to 6%/ 8%
CICC maintained its Outperform rating on NetEase. The broker lowered its H-share target price by 2% to HK$206, while its US-share target price was cut by 4% to US$133.
(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-05-08 16:25.)
AAStocks Financial News
From Tokyo To New York, Stock Markets Are Hitting Unprecedented Highs: Report - Microsoft (NASDAQ:MSFT),
Dogecoin Rises 4.45% Amidst Anonymous 120 Million DOGE Transfer To Robinhood
Looking For Superlative Returns? Investor Flags Potential 30% Gains In This Sector After Warren Buffett T
Trump's Niece Says It's Insane To Put Ex-President Back In Oval Office: 'Worst Candidate In American Hist
ตรวจสอบได้ทุกเมื่อที่คุณต้องการ
WikiStock APP