TECHNICAL ANALYSIS

NETEASE may trend higher after its share price crossed above the 20-day and 50- day EMAs. The widening gap between both EMAs further supports the continuing upward momentum. Furthermore, the MACD's positive crossover signals strengthening the bullish momentum in the short term. We expect further upside if the stock breaks above the HKD160 level.

Fundamentals

Net profit is expected to grow at a CAGR of more than 8% for the next 3 years with strong net margins circa 30%.

Source: Rakuten Research - 14 Jan 2025

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