China Market Update: Growth Stocks Higher, Why Boss Hog Owns China's CPI [Forbes]
NetEase, Inc. - American Depositary Shares, each representing 5 ordinary shares (NTES)
Last netease, inc. - american depositary shares, each representing 5 ordinary shares earnings: 2/26 06:00 pm
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Source: Forbes
It was quiet on the news front as Premier Li's meeting with eight “economic experts and entrepreneurs” in order to “listen to opinions and suggestions on the current economic situation” garnered significant attention. Ministry of Finance Deputy Minister Liao Min had a Q&A with reporters on Janet Yellen's China trip. Multiple workstreams within the China-US Economic Working Group will reconnect, including the PBOC and US Treasury, with multiple teams meeting around the World Bank/IMF meetings in Washington DC in a few weeks. China will report March inflation data tomorrow, with estimates only at +0.4%, though Dalian hog futures gained +6.45% in March. Pork prices are a big component of China's CPI, leading me to believe CPI will “surprise” to the upside. Growth stocks outperformed in both Hong Kong and Mainland China on light volumes, while NetEase gained +4.1% on new game approvals. Hong Kong's most heavily traded by value were Tencent -0.13%, who bought back 3.28 million shares
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News
- NetEase, Inc. (NASDAQ: NTES) was downgraded by analysts at StockNews.com from a "strong-buy" rating to a "buy" rating.MarketBeat
- Cloud Music Inc. Adds Expansive K-Pop Portfolio with JYP Entertainment AgreementPR Newswire
- Cloud Music Inc. Adds Expansive K-Pop Portfolio with JYP Entertainment AgreementPR Newswire
- NetEase, Inc. Announces Filing of Annual Report on Form 20-F for Fiscal Year 2023 and Publication of 2023 Environmental, Social and Governance ReportPR Newswire
- NetEase, Inc. (NASDAQ: NTES) had its price target lowered by analysts at HSBC Holdings plc from $130.00 to $126.00. They now have a "buy" rating on the stock.MarketBeat
NTES
Earnings
- 2/29/24 - Miss
NTES
Sec Filings
- 4/26/24 - Form 6-K
- 4/25/24 - Form 6-K
- 4/25/24 - Form 20-F
- NTES's page on the SEC website