Movement Alert|NetEase Rises 3.2% Overnight, Flagship Game Launch Tomorrow Combined with Multiple Index Inclusion Catalysts

Market Focus
Jul 08

On July 8, NetEase rose 3.2% overnight, trading at $135.0/share, with turnover of $187,700.

On the news front, the company's flagship new game Sea of Remnants is scheduled for PC open beta launch on July 9, with total pre-registrations surpassing 33 million. The mobile version is also set to launch within July, generating significant summer release momentum. On the index inclusion front, Hang Seng Indexes Company previously announced that NetEase will be included in the Hang Seng Index series constituent stocks after market close on July 17, effective July 20. Additionally, China Exchanges Services Company has added NetEase to the CES Hong Kong Stock Connect Select 100 Index and CES Shanghai-Shenzhen-Hong Kong 300 Index. Goldman Sachs analyst Lincoln Kong recently reiterated a strong buy recommendation, noting NetEase's stock momentum should continue in the second half, with July game launches expected to further boost margins. Goldman Sachs highlighted NetEase as an attractive non-AI high-growth safe haven given its high-barrier gaming core assets.

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