Netease Q3 Update: Awaiting New Blockbuster Games
We believe that without the launches of a few new major mobile games, the upside in the stock of NetEase Inc (ADR) (NTES US) is capped. As of Q2,...
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Tencent Continues to Surge past Expectations. Its Earnings Flexibility Makes It a Core Holding.
We updated our price target and forecasts for Tencent (700 HK) recently ahead of the 2Q result. Our price target moved from HK$260 to HK$371. The...
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Baidu Beats Expectations in 2Q17 but Too Early to Cheer. We Remain at Neutral.
Whilst positive sentiment built up after the company’s impressive AI developers’ conference, we remain cautious on near to mid-term monetization at...
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Vipshop Holdings Loses Appeal with EM Funds. Netease Exposure Snowballs.
Exposure to Vipshop Holdings Ltd Adr (VIPS US) continues to be scaled back by global emerging market equity funds. The percentage of EM funds...
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NetEase: A Closer Look at the Game Pipeline.
NetEase updated its online game pipeline at its Game Enthusiasts Day in May. There were 17 new mobile games and 3 new PC titles (including...
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