Report
Marie Sun
EUR 101.80 For Business Accounts Only

NetEase has been consolidating its leadership of online gaming in the mobile Internet wave.

NetEase’s first-quarter results were largely in line with our estimates with continued strong growth of online games and e-commerce. Although the stock price has been turbulent over the past two months due to the softer performance of Onmyoji, we believe that NetEase is still one of the best online gaming companies in China. We maintain our fair value estimate of USD 291 per ADR, while we plan to review our no-moat and stable moat ratings shortly. In the upcoming “Online Gaming Enthusiast Annual...
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
Marie Sun

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