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G Sachs Raises NTES-S (09999.HK) TP to HKD264, Reiterates Buy
2026-06-29 12:23:05
Goldman Sachs said in a report that NTES-S (09999.HK)'s share price has executed well since the announcement of its 1Q results in May. The broker expected multiple catalysts in 2H, including the domestic PC launch of the new game "Sea of Remnants" in July, as well as potential inclusion in the Southbound Stock Connect no later than September following the completion of its dual primary listing at the end of June.

Goldman Sachs reiterated its Buy rating on NTES-S, raising the TP to HKD264 from HKD260. The TP for NetEase, Inc. (NTES.US) was lifted to USD169 from USD166.
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