＜Research＞CICC: NTES-S (09999.HK) Fundamentals Solid; 'Naraka: Bladepoint' Launch in Jul

　　CICC released a research report that NTES-S (09999.HK) +0.800 (+0.531%) Short selling $221.38M; Ratio 14.016% (NTES.US) 's key blockbuster mobile game “Naraka: Bladepoint” will hit the market on 25 July. According to the official announcement, there will be the launch of a variety of joint promotional activities, in addition to the “Once Human” and “Where Winds Meet” to be launched within the month. A variety of new games will also be launched one after another within the third quarter.

　　It is expected that the growth entailed by the new works, paired with the company's solid fundamentals, will underpin the outlook for earnings growth. The broker maintained its current earnings forecast on NTES-S with Outperform rating, with an H-share target price of $206 and a U.S. target price of US$133.

　　(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-06-26 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)

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