Movement Alert｜NetEase Rises 3.12% in Pre-Market Trading, Multiple Investment Banks Raise Target Prices on Dual Primary Listing Catalyst

Market Focus

Jun 29

On June 29, NetEase rose 3.12% in pre-market trading, trading at $127.30 per share, with turnover of $538,200.

On the news front, NetEase will officially convert to a dual primary listing company on the Hong Kong Stock Exchange on June 30, significantly ahead of market expectations, prompting a wave of bullish calls from major international investment banks. Morgan Stanley reiterated its Overweight rating with a $158 target price, expecting NetEase H-shares to be included in the Stock Connect program within one to two months, triggering a valuation re-rating. Goldman Sachs raised its H-share target price to HK$264 and reiterated a Buy rating, citing multiple catalysts in the second half including new game Sea of Remnants launching in July. Bank of America maintained its Buy rating with a $172 target price based on 15x forward P/E plus $19 billion in net cash. Institutions broadly agree that the dual primary listing removes the key institutional barrier to Stock Connect inclusion, which would channel mainland capital inflows and improve liquidity.

(The above content is based on publicly available market information, generated by a program or algorithm, and is intended solely as a stock movement alert. It does not constitute investment advice or a basis for trading decisions.)

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

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It does not constitute investment advice or a basis for trading decisions.)</p></p>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"NTES","symbol_name":"网易","start_time":0,"source_url":"","article_id":"1199154318","we_media_id":"1054767329","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=1199154318","pubTimestamp":1782730874,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Market Focus","introduction":"Track stock‘s movements and relevant news","home_visible":1,"id":"1054767329","head_image":"https://static.tigerbbs.com/51943b2858f75e05ca2ebb144b4e626a"},"summary":"On June 29, NetEase rose 3.12% in pre-market trading, trading at $127.30 per share, with turnover of $538,200.On the news front, NetEase will officially convert to a dual primary listing company on...","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"NTES":"网易"},"translate_title":"动向快讯|网易盘前涨3.12%多家投行上调双重主要上市催化剂目标价","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"NTES":1},"content_text":"On June 29, NetEase rose 3.12% in pre-market trading, trading at $127.30 per share, with turnover of $538,200.On the news front, NetEase will officially convert to a dual primary listing company on the Hong Kong Stock Exchange on June 30, significantly ahead of market expectations, prompting a wave of bullish calls from major international investment banks. 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