Weekly Recap | NTES -2.98%, consensus target above spot
Weekly Review·
- NetEase cumulative fell 2.98% this week to close at 182.1 HKD, slightly underperforming the Hang Seng Index by 0.59 percentage points amid low trading volume.
- The company released no major corporate announcements this week, while 23 institutions maintained an aggregate consensus rating of strong buy with a target price of 251.48 HKD.
- Future market performance will likely be influenced by upcoming Hong Kong macroeconomic data and whether the stock can maintain technical support near 180 HKD.
