Movement Alert|NTES Rises 3.2% in Regular Trading, Gaming and AI Prospects Favored by Institutions

Market Focus
7 hours ago

On October 12, NTES rose 3.2% in regular trading, reaching a high of 199.7 Hong Kong dollars with a turnover of 316 million Hong Kong dollars. The move was driven by continued institutional optimism over the company's gaming and AI business prospects, alongside overall strength in the tech sector.

Goldman Sachs recently maintained a Buy rating on NTES with a target price of 263 Hong Kong dollars, highlighting that Blizzard has announced a new game release schedule extending to 2030. Given NTES' exclusive licensing partnership in China, this is expected to provide an additional revenue stream. First-half revenue reached 60.7 billion RMB, up about 7% year-over-year, with gaming revenue contributing 50.7 billion RMB, up about 8%.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

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