bullish
NetEase (9999-HK): Market Share Winner, Supported by Buybacks and Dividends
Wium has highlighted this Insight as a Top Pick
322 Views10 Jun 2024 09:00
SUMMARY
- Whilst the Chinese online games market has struggled since 2023, NetEase (9999 HK) has continued to gain revenue market share driven by the success of its mobile titles.
- Future revenue growth will depend on the continued success of NetEase’s legacy titles and its robust pipeline of upcoming releases, including several highly anticipated launches.
- NetEase trades nearly 2 standard deviations below its 5-year historic average PE trading range, a level that has proved to be a very good entry point.
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