NTES: 1Q17 Results Under Pressure From Temporary Weaker Game Performance; Maintain Buy on LT Growth Prospects
NTES will report 1Q17 results on Wednesday, May 10th after the close of the market followed by a 9pm EST conference call. Based on our data for 1Q17, we believe NTES’s 1Q revenue is likely to be under pressure from its relatively weaker game performance and consensus expectation is likely aggressive. Despite that, we maintain our Buy rating as we believe in NTES’ long term growth and game development capability.
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.
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