Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>JPM Shifts Top Pick in Digital Entertainment from BILIBILI-W (09626.HK) to NetEase (NTES.US)
Recommend 10 Positive 19 Negative 12 |
||||
|
||||
|
JPMorgan has issued a report indicating a shift in its top pick for digital entertainment from BILIBILI-W (09626.HK) to NTES-S (09999.HK) (NTES.US), which has reflected its more optimistic outlook on NTES-S' stock performance over the next 6-12 months. The broker believed that NTES-S' gaming revenue will turn positive starting from 1Q25. Although NTES-S' 3Q results were not surprising and key financial data fell short of expectations, which could negatively impact the stock price, its risk-reward has indeed become attractive from a 6-12 month perspective, said the broker. The broker also noted that investors are overly concerned about recent internal anti-corruption investigations within NetEase Games, and expected the investigations to only have a limited impact on the actual gaming business. As a result, it recommended investors buy the stock on dips. AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
