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| HSI1 | 22,671.86 | -405.05 | 342.10B |
| HSCEI1 | 7,460.84 | -147.54 | 100.47B |
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2026-06-26 17:33:05 Citi published a research report on NTES-S (09999.HK), which announced its decision to convert to a dual primary listing in Hong Kong starting from June 30, after HKEX (00388.HK) confirmed that more than 55% of its trading volume over the past year had migrated to the exchange. The broker believed this move will remove the "S" marker from its stock short name and enable it to qualify for inclusion in Southbound Stock Connect in the future, which will attract increasing capital inflows to support its share price performance. The broker noted that more importantly, the new game "Sea of Remnants" is expected to be officially launched in July, which could serve as another near-term catalyst. NetEase will host a pre-launch livestream at 6:00 pm today (26th) to reveal the official date of public testing, multiple endings on main storylines, in-game rewards, IP collaboration, UGC ecosystem. The broker continued to view NetEase as a defensive stock, with resilient gaming profit, consistent dividend payout and absence of heavy AI investment. Citi said its SOTP valuation TP for NetEase, Inc. (NTES.US) is USD174. The broker maintained its Buy rating and opened a 30-day positive short-term view on the stock. ~ AASTOCKS Financial News Website: www.aastocks.com | |