0813 GMT - NetEase outlook is positive due to its new game pipeline, according to HSBC analysts in a research note. "We are encouraged to see NetEase's successful launches in new game genres and expansion into overseas markets," the analysts say. They note that the company now has "higher certainty in game pipeline in 2026," as it confirmed the launch of "Sea of Remnants" in 2026 across PC, PS5 and mobile platforms. HSBC raises its game revenue estimates in 2026 to 8% from 6% and maintains a buy rating on the stock. It raises the target price to US$150.00 from US$130.00. Its ADRs last traded at US$128.63. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
June 06, 2025 04:13 ET (08:13 GMT)
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