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Citi Keeps Rating at Buy for NetEase (NTES.US), Expects Slightly Beat 3Q Results
2025-11-06 11:57:28
NTES-S (09999.HK) showed strong performance with the new server for its FWJ PC, while the FWJ Mobile and Where Winds Meet demonstrated resilience due to strong seasonal recovery, according to a research report issued by Citi Research. Therefore, it is expected that its 3Q25 results may be in line to slightly ahead of the broker's expectations.

Entering 4Q25, although it is the off season for the game business, NTES-S continued to launch new games. The Company has released four games in October, naming Marvel Mystic Mayhem, Destiny: Rising, unVEIL the World and StarCraft II. Moreover, the Company planned to launch Justice Mobile in overseas markets on 7 November and Diablo IV in China on 12 December.

Hence, Citi Research kept its target price for NTES-S' ADR, NetEase (NTES.US) at US$158, with rating kept at Buy, and continued to view it as a defensive stock in investment portfolio.
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