NetEase Hong Kong shares hit 3-month low on 3Q miss

NetEase

21/11/2025 02:58

** Hong Kong shares of NetEase 9999.HK drop 4% to HK$204, their lowest level since August 22, and on course for the second session of decline

** Stock on track for the biggest one-day pct drop since October 22

** U.S.-listed stock NTES.O climbed 0.4% on Thursday

** NetEase said its 3Q net income amounted to 8.79 bln yuan ($1.24 bln), revenue up 8.2% y/y

** Nomura, with "buy" on NetEase, says 3Q missed high market expectations

** Citi says 3Q revenues came in slightly below expectation but it maintains "buy" and lifts target price to $161 from $158 on believing the firm's gaming portfolio performance is gaining strength, among others

** "We are not too bothered by the 3Q game revenue and profit miss as strong cash billings growth drove deferred revenue growth to beat consensus," HSBC wrote in a note, adding it keeps "buy" as NetEase growth trajectory intact

** YTD, Hong Kong stock up 48.3%, U.S.-listed shares up 50.2%, Hang Seng TECH Index .HSTECH up 21.3%

($1 = 7.1122 Chinese yuan renminbi)

 (Reporting by Donny Kwok)

 ((donny.kwok@thomsonreuters.com))