Report
Chelsey Tam
EUR 100.00 For Business Accounts Only

Update

Narrow-moat NetEase is currently fairly valued with a fair value estimate of USD 283. Net revenue in the first quarter was CNY 18.4 billion, growing 30% year over year, versus our full-year estimate of 28%. It was driven by 35% growth in online games revenue (versus negative 1% at Tencent) resulting from launches of games such as Knives Out in Japan, Identity V, Justice and Night Falls: Survival. The sequential increase of 8% in online games revenue (versus positive 18% at Tencent) was due to st...
Underlying
NetEase Inc. Sponsored ADR

Provider
Morningstar
Morningstar

Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.

Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.

We have operations in 27 countries.

Analysts
Chelsey Tam

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