|Bid||252.87 x 1000|
|Ask||253.98 x 800|
|Day's range||251.14 - 258.64|
|52-week range||184.60 - 343.77|
|Beta (3Y monthly)||0.69|
|PE ratio (TTM)||37.89|
|Earnings date||5 Feb 2019 - 11 Feb 2019|
|Forward dividend & yield||1.67 (0.65%)|
|1y target est||289.27|
Let's talk about the popular NetEase, Inc. (NASDAQ:NTES). The company's shares saw a significant share price rise of over 20% in the past couple of months on the NasdaqGS. With Read More...
Chinese Tech Stocks Surge on Renewed US-China Trade Optimism ## US-China trade optimism Markets cautiously gave a thumbs up yesterday to the renewed optimism that the US and China seem to be engaging in more meaningful talks towards sealing a trade deal. US Commerce Secretary Wilbur Ross stated that both the economic powerhouses could reach a settlement “they can live with, and that addresses all the key issues.” The SPDR S&P 500 ETF Trust (SPY) was up 0.47% on January 9, whereas the iShares Dow Jones US Technology (IYW) jumped 1%. American technology giants Apple (AAPL) and Amazon (AMZN) were up 1.7% and ~0.2%, respectively. American depository receipts of Chinese technology companies NetEase (NTES), Baozun (BZUN), and IQIYI (IQ) were up 6.6%, 3%, and 1.8%, respectively, yesterday. Among the Chinese technology companies, notable gainers were HUYA and Bilibili. Let’s take a look. ## Chinese tech stock rally On January 9, HUYA (HUYA), a leading live game streaming platform in China, witnessed a sharp 6.8% rise in its ADRs (American depository receipts). The company’s ADRs opened at $18.32 and rose to touch an intraday high of $20.20 in afternoon trading. Later on, HUYA ADRs declined marginally to close on $19.45, up ~6.8% from the previous close of $18.22. HUYA ADRs were listed at $16.06 on the NYSE after its IPO in May last year. After soaring to highs of $46.20 after its IPO, the company’s ADRs have significantly declined since then. Much of the decline was related to trade war fears and Chinese authorities’ decision not to approve new games since March 2018, which negatively impacted the game industry in the country. However, 2019 appears to be a different case. The company’s ADRs have soared 23% on a YTD basis as of January 9. Bilibili (BILI), another Chinese technology major, is a video sharing website involving a game, comics, and animation. BILI ADRs surged ~6.6% yesterday. The ADRs reached an intraday high of $16.37 on January 9 before closing on $15.75, up 6.6% from the previous day’s closing price of $14.78. Noted equity research company Morgan Stanley has expressed bullishness towards Chinese technology companies in 2019. Morgan Stanley revised its price target on BILI to $17.0. This price target revision implies an 8% premium on BILI ADRs closing price on January 9.
A base is an important concept in chart reading for growth investors. NetEase formed a pair of good ones in both 2015 and 2016
Why Tencent Music Tanked Over 4% Today ## Tencent Music Chinese music streaming services provider Tencent Music Entertainment Group’s (TME) performance has remained mixed since its IPO in December. Through its IPO, the company managed to raise about $1.1 billion, translating to a value of $21.3 billion. Tencent Music’s ADRs (American depositary receipts) started trading on NYSE at $13.00, and as of January 4, it had gone up 1.5%. ## Recent weakness Today at 2:50 ET, Tencent Music ADR posted a day low of $12.64, down about 4.2% from its previous session’s closing price. There was no significant news from Tencent music. However, last week, its home-market competitor NetEase Cloud Music, owned by NetEase Inc. (NTES), announced a partnership with South Korean entertainment company CUBE Entertainment. Under this partnership, “NetEase Cloud Music has been granted access to CUBE Entertainment’s complete music catalog, including sought-after albums and tracks from popular performers such as BTOB, CLC, PENTAGON, Yoo Seon-Ho and (G)I-DLE,” it said in a press release. Investors’ concerns about increasing competition for Tencent Music due to NetEase Cloud Music’s expanding music library in China could be taking a toll on TME. Note that Tencent Music was formed after its parent company, Tencent Holdings (TCEHY), acquired China Music Corporation in 2016 while NetEase Cloud Music launched in 2013. In the fourth quarter of 2018, Tencent Holdings fell 3.4% while other Chinese companies (FXI)(MCHI) Alibaba (BABA), NIO (NIO), Baidu (BIDU), and IQIYI (IQ) lost 16.8%, 8.7%, 30.6%, and 45.1%, respectively. In comparison, US tech companies Apple (AAPL), Amazon (AMZN), and Netflix (NFLX) fell 30.1%, 25.0%, and 28.5%, respectively, last quarter.
The long freeze on approvals for new video games in China may be coming to an end, according to Reuters reporting on comments by a senior Chinese regulatory official. Tencent (TCEHY) shares have taken a beating in 2018 as the company has been unable to make money from some of its new games. Feng Shixin, an official in China’s publicity department, said that approval for the first batch of games had been completed and that the next step would be to issue commercialization licenses, according to the report.
Shares of Tencent Holdings, NetEase and other China stocks jumped Friday after a government official signaled a freeze on approvals for new games is ending. But some stocks fell back.
Dividends play an important role in compounding returns in the long run and end up forming a sizeable part of investment returns. Historically, NetEase, Inc. (NASDAQ:NTES) has paid dividends to Read More...
Is there a way to take profits on a stock before it makes a sell signal? The short answer is yes. Use the 10-day moving average.
Bilibili Inc. (“Bilibili” or the “Company”) (BILI), a leading online entertainment platform for young generations in China, today announced that it has signed an agreement with certain affiliates of NetEase, Inc. to acquire major assets from NetEase Comics, one of China's largest online comic platforms, including relevant copyrights of a large number of established and well-followed storylines from leading publishers and comic artists. “NetEase Comics’ extensive comic resources and reputation for a great user experience make it an exciting addition to our newly launched Bilibili comic business,” said Ms. Carly Lee, Chief Operating Officer of Bilibili.
China appoints online video games ethics committee to review games, brightening chances of the resumption of the approval process.
NEW YORK, Nov. 28, 2018 -- In new independent research reports released early this morning, Market Source Research released its latest key findings for all current investors,.
The Beijing-based company said it had net income of $1.80 per share. Earnings, adjusted for non-recurring costs, came to $2.55 per share. The internet technology company posted revenue of $2.45 billion ...
NetEase and Vipshop Holdings report after Wednesday's market close. Revenue should move higher and earnings should move lower for both companies.
The video game publisher's stock sold off after fans roundly rejected its latest game. Should investors buy or beware?