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JPM Names NTES-S as Top Pick in Digital Entertainment, Rating Overweight
2026-04-10 10:23:48
JPMorgan has listed in its research report its order of preference among Chinese digital entertainment companies over the next 12 months: NTES-S (09999.HK) > BILIBILI-W (09626.HK) > KUAISHOU-W (01024.HK). NTES-S and BILIBILI-W were rated as Overweight, while KUAISHOU-W was rated as Neutral.

The broker has reiterated NTES-S as its industry top pick. Although near-term catalysts are limited, NTES-S' current forecast 2026 P/E ratio of 13 times represents a 25% discount to its five-year average. This compares attractively with projected operating profit growth of 17% for 2026-27.
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