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55229 UB#HSI RP2504B (R BEAR)
RT Nominal down0.103 -0.002 (-1.905%)

15/11/2024 14:32

{I-bank focus}Daiwa lowers NTES (09999) to HKD195

[ET Net News Agency, 15 November 2024] Daiwa lowered the target price for NTES (09999)
to HKD195 from HKD200 and maintained the "buy" rating.
The research house said due to the light pipeline for mobile games, it lowers 2025E
mobile game revenue growth to 8% YoY (from 10% YoY) and trims 2024-26E revenue by 2-3% and
2024-26E EPS by 1%. (rc)

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