New Street Research - NetEase Inc. Sponsored ADR (NEH) New Street: NTES 1Q21 Results - Strong Pipeline for 2H

Report

New Street Research

Jin Yoon

New Street: NTES 1Q21 Results - Strong Pipeline for 2H

What's new: NetEase reported 1Q21 revenues a touch above consensus estimates. Resiliency in legacy games coupled with the strong game pipeline in 2H could continue to drive online gaming revenues in 2021. We maintain our PT at USD120 and reiterate our BUY rating on continued strength in online gaming with strong game pipeline in 2H of 2021.

Analysts:
Jin Yoon

20/05/2021 7 EN

Underlying

NetEase Inc. Sponsored ADR

See profile

US64110W1027 Berlin Stock Exchange Germany

Provider

New Street Research

Provided by our team of experienced analysts, our work is idea driven, based on independence of thought, sector expertise, and firmly focussed on fundamentals and valuation.

New Street Research is an independent, partner-owned, research firm specialising in equity and debt research. Our equity research embraces the following sectors:

Pan European Telecom Services and Cable
US Telecoms, Cable, Satellite and Towers
Global Emerging Market Telecoms
Japan Telecoms
Asian Internet
Pan European Healthcare
Global healthcare thematic research

We provide debt research on:

Pan European Telecom Services and Cable

See profile

Analysts

Jin Yoon

Other Reports on these Companies

UOB

China Internet: Rewarding shareholders in 2023; emerging strategic growth prospects in 2024.

Given the stabilising revenue growth and abundant cash on hand, mega-cap internet companies have been focusing on offering generous shareholder returns. For 2024, we expect consumption behaviour to switch to service and experience, which will continue to benefit OTA players. We believe other China internet names will outperform with overseas expansion and SFV players will continue to gain market shares with potential for take rate increases. Maintain MARKET WEIGHT.

April 8, 2024 April 8, 2024 1 EN

SmartInsider

NetEase Inc: 1 director

A director at NetEase Inc sold 10,000 shares at 108.200USD and the significance rating of the trade was 100/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years clearly showing Close periods where trading activity is restricted under listing rules. The names of board ...

Free Trial

March 14, 2024 March 14, 2024 1 EN

New Street Research

NTES 4Q23 Results: Gaming Could Remain Resilient Driven by New Titles in 2024

What's new: NetEase’s reported 4Q23 results were below consensus and our expectations. Gaming could remain resilient in 2024 partly driven by new title launches such as Condor Heroes, Where Winds Meet, and Naraka Bladepoint mobile. We maintain our PT at USD125. Analysts: Jin Yoon

March 1, 2024 March 1, 2024 1 EN

CHTR: quick thoughts following the call

What's new: in this note we cover the change to leverage and what it means for management’s confidence in the business, our evolving thoughts on broadband market growth, our outlook for 2Q24 for broadband adds, ARPU, and EBITDA, and thoughts on long-term pricing strategy.

EUR 9326.00

3h / 41m 3h / 41m 1 EN

Russell Waller

Russell Waller

Altice France (SFR)/Orange/Iliad/Bouygues ARCEP 2023 customer survery results

ARCEP published its 2023 customer satisfaction data today. It makes for interesting reading for all the French operators. We show the key conclusion in this report. It is perhaps of particular interest to SFR investors: our view is that SFR’s troubles are mainly customer related as opposed to do with network or price (although all three are inter-linked obviously).

EUR 9326.00

4h / 24m 4h / 24m 1 EN

Blair Levin

Blair Levin

NSR Policy Quick Take: 2nd Circuit Upholds New York Law Requiring Low-Income Broadband Offering

What's new: The Second Circuit has upheld the New York law requiring ISPs to offer a low cost offering to low-income customers. We think this decision, which is negative for ISPs, was likely timed to the FCC decision on Title II and paints a path that other states will look at as the Affordable Connectivity Program (ACP) runs out of funds. Our analysis in this brief note.

EUR 9326.00

4h / 27m 4h / 27m 1 EN

Sign-up for free to access full reports immediately

Email Address*

Choose Password* ( 6 or more characters )

Due to regulatory restrictions regarding the distribution of financial research, this report is restricted to a specific region or investor type. Get access to exclusive reports by answering the questions below.

Select your country*

Get financial insights straight to your inbox

By clicking "register" you accept the Terms and Conditions & Privacy Policy

Already on ResearchPool?

Almost there...

Are you a professional investor?

Select your country

REGISTER

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

In order to access this report please create an account.

LOGIN

New Street: NTES 1Q21 Results - Strong Pipeline for 2H

China Internet: Rewarding shareholders in 2023; emerging strategic growth prospects in 2024.

NetEase Inc: 1 director

NTES 4Q23 Results: Gaming Could Remain Resilient Driven by New Titles in 2024

CHTR: quick thoughts following the call

Altice France (SFR)/Orange/Iliad/Bouygues ARCEP 2023 customer survery results

NSR Policy Quick Take: 2nd Circuit Upholds New York Law Requiring Low-Income Broadband Offering

Create a free ResearchPool account to access full reports, get a personalised dashboard and follow providers or companies

Sign-up for free to access full reports immediately

ResearchPool Subscriptions

Get the most out of your insights

Why subscribe?

How to subscribe

ResearchPool Subscriptions

This report is only available to subscribers

Why subscribe?

How to subscribe