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09999 NTES-S
RTNominal up148.600 +1.900 (+1.295%)
Research Report

20/11/2023 15:26

{I-bank focus}Nomura raises NTES (09999) to HKD215

[ET Net News Agency, 20 November 2023] Nomura raised its target price for NTES (09999)
to HKD215 from HKD168 and maintained its "buy" rating.
The research house said it raises FY23F EPS by 19% on higher margin and lowers tax rate
assumption and increases FY24F EPS by 6% on higher margin estimate.
It now expects the FY23F/24F non-GAAP operating profit to grow 37%/14% y-y, backed by
7%/12% y-y growth in revenue. (RC)

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