NTES: Positive On NTES In 1Q22; Company Continues To Show Resilience During Economic Slowdowns
NTES will report 1Q22 results on May 24th before the markets open with an 8am ET conference call. We are positive on NTES’s performance in 1Q22. NTES is one of the few companies in China that continues to show resilience during the current economic downturn and COVID lockdowns. As domestic game approval is taking much longer than expected, NTES is expanding its overseas market aggressively with a busy schedule for new game launches. At this point up to May 2022, NTES will launch only one new game, “Roar of War - 战争怒吼” on May 26, 2022 in China due to the lack of game licenses. However, we expect the company to release more new titles in the second half since the government’s game approval process has resumed.
T.H. Capital is an independent research and investment advisory firm specializing in China. We offers real-time, on-the-ground, bottom-up research across a wide spectrum from macro and industry analysis to company specific projects; from China ADRs to international names that have meaningful exposure to China market. We deliver relevant, comprehensive and data driven research adding immense value to clients.
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.