Netease Inc (9999) Receives a Buy from GF Securities

In a report released yesterday, from GF Securities maintained a Buy rating on Netease Inc, with a price target of HK$209.85. The company’s shares closed yesterday at HK$181.50.Meet Samuel – Your Personal Investing ProphetStart a conversation with TipRanks’ trusted, data-backed investment intelligence

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The word on The Street in general, suggests a Strong Buy analyst consensus rating for Netease Inc with a HK$247.78 average price target.

Based on Netease Inc’s latest earnings release for the quarter ending March 31, the company reported a quarterly revenue of HK$30.59 billion and a net profit of HK$10.67 billion. In comparison, last year the company earned a revenue of HK$28.83 billion and had a net profit of HK$10.3 billion