According to a BOCOMI research report, NTES-S (09999.HK) +2.000 (+1.058%) Short selling $63.16M; Ratio 16.837% (NTES.US) 's 1Q25 results were way beyond expectations as driven by outstanding results in its gaming business.While growth in NTES-S' PC games accelerated, the decline in mobile gaming narrowed. Blockbuster games such as "Marvel Rivals", "Where Winds Meet", and "Identity V" contributed to overall growth in the gaming business. The group also effectively managed cost expenditures, resulting in profits significantly above market expectations.Related NewsDaiwa Adds NTES-S TP to HKD210 w/ Rating Buy; 1Q25 Results BeatBased on the latest results performance and gaming trends, BOCOMI raised its gaming revenue forecast for NTES-S this year by 1.9% and its adjusted net profit forecast by 5.6%.The broker lifted its target price for NTES-S' Hong Kong stocks from HKD193 to HKD223 and for its US stocks from USD124 to USD143, with a Buy rating remaining in place.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2025-05-21 12:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)