NetEase (SEHK:9999) Gets A Fresh Console Push As Undervalued Narrative Holds
Simplywall·
- NetEase launched its free to play survival game Once Human on PlayStation 5 and Xbox Series X|S, while its shares trade at HK$189.1 amid a year to date decline of 17.35%.
- Market analysis and discounted cash flow models indicate the stock is undervalued, with fair value estimates standing at HK$249.78 and HK$331.89 respectively.
- The company is accelerating global expansion with self developed and licensed games to diversify revenue streams, though it still faces heavy reliance on China and overseas execution risks.
