0928 GMT - NetEase's outlook remains positive, thanks to its strong game development ability, according to Citi analyst Alicia Yap in a research note. Upcoming title "Ananta" had received positive feedback on its first real-player testing earlier this year, Citi points out, citing management's remarks. The analyst remains positive on the company's strength in high-quality game development capability, its diversified genres and growing size of game portfolio with steady grossing and profit stream. Strong cash flow also generating ability and consistent shareholder returns are also positive factors for the company. Citi maintains a buy rating and keeps the target price of its ADRs at US$156.00. Its ADRs were last traded US$122.76. (tracy.qu@wsj.com)
(END) Dow Jones Newswires
May 16, 2025 05:28 ET (09:28 GMT)
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