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<Research>JPM Lists NetEase (NTES.US) as Top Pick in CN Digital Entertainment Sector Driven by Multiple New Games, Anticipates Inclusion in Southbound Trading of Stock Connects Next Yr
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NetEase (NTES.US)'s stock price has risen by 56% YTD, JPMorgan released a research report saying. The broker expected further upside for NetEase next year, primarily driven by multiple new games, and listed the stock as its top pick in China's digital entertainment sector. JPMorgan's latest 2026 adjusted net profit forecast for NetEase is 5% higher than market consensus. Meanwhile, the broker believed that NetEase is very likely to be included in Southbound Trading of Stock Connects next year. Currently, NetEase's valuation is significantly lower than major Chinese game peers, and its inclusion in Stock Connects is expected to trigger further valuation re-rating. Therefore, JPMorgan rated NetEase at Overweight, with target prices for NetEase's US stock/ H-shares at US$190/ $295 respectively. AASTOCKS Financial News Website: www.aastocks.com |
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