On July 28, NTES-S rose 3.14% in regular trading, trading at 197.9 HKD/share, with turnover of HKD 219 million. The stock gained momentum as the latest batch of game license approvals reached a five-year high, reinforcing bullish sentiment toward leading game developers.

According to a Citi research report, the National Press and Publication Administration issued 197 game licenses in its seventh batch this year, including 193 domestic and 4 imported titles — the largest single-batch approval in five years, exceeding both the first-half average and full-year averages from the prior year. Citi noted that the timing ahead of the summer peak season and the China Digital Entertainment Expo signals continued regulatory support for the healthy development of the online gaming industry.

Citi expressed confidence that market leaders such as NTES-S can leverage their strong product pipelines and industrialized R&D capabilities to drive sustainable growth. Separately, institutions have highlighted multiple catalysts for NTES-S in the second half, including a low revenue base, accelerated buybacks, and new product launches, suggesting valuation repair potential.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)