NetEase Hong Kong shares fall on gaming revenue miss

NetEase

15/08/2025 05:01

** Hong Kong shares of Chinese gaming company NetEase Inc 9999.HK slip 3.5% to HK$200.6, their lowest since Aug. 12 and on course for a second session of fall

** U.S.-listed stock NTES.O fell 3.9% on Thursday

** NetEase's Q2 revenue rises 9.4% y/y, but down 3.1% from Q1

** HSBC maintains "buy" but trims TP for the U.S.-listed shares to $157 from $158 saying game revenue slightly missed consensus but a small miss does not derail the recovery story

** Citi keeps "buy" and lifts TP to $158 from $157 on resilient and sustainable earnings profile

** Nomura maintains "buy", saying 2Q25 results delivered a slight miss, though the gaming business remains solid

** The Hang Seng Tech Index .HSTECH and benchmark Hang Seng Index .HSI both slip 1.1%

** YTD, Hong Kong stock up 48.1%, U.S. shares up 45.4%

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))