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<Research>Jefferies: NTES Naraka: Bladepoint 1st Mth Rev. May Beat Forecast If Game Stays at Top 3 Rank on iOS Game Grossing Chart

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2024-07-26 11:26

NTES-S (09999.HK)'s newly released game, “NARAKA: BLADEPOINT”, is currently ranked No. 3 on the iOS game grossing chart, with 40 milli...

  NTES-S (09999.HK) -2.500 (-1.693%) Short selling $50.71M; Ratio 12.616% 's newly released game, “NARAKA: BLADEPOINT”, is currently ranked No. 3 on the iOS game grossing chart, with 40 million pre-registrations, Jefferies released a research report saying. The game is expected to become a large DAU game that emphasizes on game balance and innovation.

  If the game continues to stay in the top 3 position of the game grossing chart, Jefferies believed that NTES-S' first month revenue will exceed RMB1 billion. Jefferies kept rating at Buy on the Group, with a target price of $129.

  (HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2024-07-26 12:25.)

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