NetEase Faces Near-Term Slowdown in Online Games, but We Are Confident About Long-Term Growth
Although NetEase’s online games revenue growth has been slowing, we think the company's narrow moat, supported by its intellectual property, is intact. In the second quarter, the company’s online games revenue increased 70.5% year over year, but it declined 12.2% quarter over quarter, largely in line with our estimates. We are raising our fair value estimate to $337 per ADR from $326 after increasing our projection for online games revenue in 2018 and adjusting the foreign exchange rate. NetEase...
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.
Unfortunately, this report is not available for the investor type or country you selected.
Browse all ResearchPool reportsReport is subscription only.
Thank you, your report is ready.
Thank you, your report is ready.