NetEase Inc Ordinary Shares

09999: XHKG (HKG)

Morningstar Rating for Stocks	Fair Value	Economic Moat	Capital Allocation
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NetEase Earnings: Upcoming Release of Where Winds Meet Should Boost Game Revenue

Ivan Su

Nov 15, 2024

Narrow-moat NetEase’s third-quarter earnings were in line with our estimates. We maintain our long-term forecasts and fair value estimate of $158 (HKD 246). We continue to view the firm's shares as undervalued, trading at 11 times 2025 earnings and a 50% discount to our valuation.

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NetEase Inc Ordinary Shares

NetEase Earnings: Upcoming Release of Where Winds Meet Should Boost Game Revenue

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