NetEase (NTES.US) 's US stock has fallen 18% YTD, reflecting lower sector valuation and a lack of new game launches, HSBC Global Research issued a research report saying. The broker lowered its 2026-2028 non-GAAP net profit forecasts by 6-7%, mainly due to reduced projections for Sword of Justice, Where Winds Meet and other long-tail mobile games. Related News CLSA Expects NetEase, Inc. (NTES.US) Game "Where Winds Meet" to Be Growth Engine This Year; Rates OutperformHSBC Global Research predicted NetEase to deliver weak 1H26 performance due to the absence of new game launches and a high base effect, but anticipated game growth catalysts in 2H26 and 2027 driven by the launches of Sea of Remnants and Ananta.Therefore, the broker trimmed its target price for NTES-S (09999.HK) -2.400 (-1.290%) Short selling $306.89M; Ratio 27.977% 's H-shares from $289 to $265, with rating kept at Buy.(HK stocks quote is delayed for at least 15 mins.Short Selling Data as at 2026-05-14 16:25.) (Real-time Streaming US Stocks Quote; Except All OTC quotes are at least 15 minutes delayed.)
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