[ET Net News Agency, 17 November 2023] Goldman Sachs raised its target price for NTES
(09999) to HKD206 from HKD200 and maintained its "buy" rating.
The research house said for 2023-25E, it trims revenue forecasts by 2.7%-3.4%, primarily
on softer game revenue assumption amid intensifying competition within the party game
genre.
It raises net income by 2.5%-4.0% for 2023-25E, with the magnitude wider than that for
its operating profit estimate owing to higher interest income. (RC)