Hong Kong Stock Alert | NTES-S (09999) Surges Over 5% to Record High as Institutions Bullish on Q3 New Game Launches Driving Growth

Stock News
7 hours ago

NTES-S (09999) surged over 5%, reaching a record high of HK$230.8. As of press time, the stock was up 5.29% to HK$230.8, with trading volume of HK$659 million.

On the news front, the first mobile game based on the "Destiny" IP, "Destiny: Rising," developed by NetEase's Titan Studios under official authorization from Bungie, has officially launched its beta test in over 160 countries and regions overseas. According to industry data, within three days of the overseas beta launch, the game's iOS revenue reached 8.54 million yuan. Based on the typical revenue split between App Store and Google Play, the game generated at least 17 million yuan in revenue within three days.

Orient Securities noted that the company's Blizzard games have gradually resumed operations, with evergreen titles like "Eggboy Party" showing excellent performance during the summer period. Q3 is expected to see new releases including "Destiny: Rising" and "Diablo 2" driving growth momentum.

China Merchants Securities also indicated that considering the company's recent intensive launches of major products including "Marvel Snap," "Infinite Lagrange," and "All-Star Street Ball Party," gaming user numbers and revenue performance have exceeded market expectations. Meanwhile, the company's effective cost management has achieved cost reduction and efficiency improvements, leading to upward revisions in earnings forecasts.

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