NTES: Game Policy Impacts Are In The Stock; New Game Makes Good Contribution In 3Q21; After-School Tutoring Is Impacted By Policy
NTES will release 3Q21 results on November 16th before the markets open with a 7am ET conference call. We are neutral on NTES’s overall performance in 3Q21 as the better performance of its games is likely to be offset by the decline in its online education division. 3Q21 was period of intense policies, two of which impacted NTES’s 3Q21. The time limitation of minors’ playing games has a limited impact to NTES’s game financially, but the suspension of after-school K-12 tutoring programs significantly impacted and eventually will be out of the listed company.
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.