---
title: "Morgan Stanley: Reiterates \"Overweight\" rating on NetEase, dual primary listing earlier than expected"
type: "News"
locale: "en"
url: "https://longbridge.com/en/news/291100899.md"
description: "Morgan Stanley released a research report stating that NetEase-S will become a dual primary listed company tomorrow (30th), significantly ahead of the bank's expectations. It anticipates that NetEase's H shares are likely to be included in the Hong Kong Stock Connect within 1 to 2 months, which is expected to trigger a valuation reassessment. Along with the new game \"Sea of Oblivion\" PC version set to launch in mainland China on July 9, and the mobile version also debuting in July, it will capture most of the summer peak period. Additionally, \"Nirvana in Fire: New World,\" which went live on June 26, reached a best-selling ranking of 5th to 10th over the weekend, with player numbers hitting a two-year high. Morgan Stanley believes there are three major positive catalysts for NetEase, maintaining an \"Overweight\" rating on NetEase's U.S. stock with a target price of $158"
datetime: "2026-06-29T06:34:02.000Z"
locales:
  - [zh-CN](https://longbridge.com/zh-CN/news/291100899.md)
  - [en](https://longbridge.com/en/news/291100899.md)
  - [zh-HK](https://longbridge.com/zh-HK/news/291100899.md)
---

# Morgan Stanley: Reiterates "Overweight" rating on NetEase, dual primary listing earlier than expected

According to Zhitong Finance APP, Morgan Stanley released a research report stating that NetEase-S (09999) will become a dual primary listed company tomorrow (30th), significantly ahead of the bank's expectations. It is anticipated that NetEase's H-shares may be included in the Hong Kong Stock Connect within 1 to 2 months, which is expected to trigger a valuation reassessment. Along with the new game "Sea of Oblivion" PC version set to launch in mainland China on July 9, and the mobile version also debuting in July, it will capture most of the summer peak period. Additionally, after "Nirvana in Fire: New World" went live on June 26, it ranked 5th to 10th in sales over the weekend, with player numbers reaching a two-year high. Morgan Stanley believes there are three positive catalysts for NetEase and maintains an "Overweight" rating on NetEase (NTES.US) with a target price of $158

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