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NetEase (NTES) engages in online games, Internet portal, e-mail, and wireless value-added services businesses in China.
The company operates through three segments: Online Game Services; Advertising Services; and E-mail, Wireless Value-added Services, and Others.
It offers massively multi-player online role-playing games, primarily including Fantasy Westward Journey, Westward Journey Online II, Tianxia III, Ghost, and Heroes of Tang Dynasty; and licensed games. The company also provides Internet users with Chinese language-based online content channels that provide news, information, and online entertainment; community and communication services, including micro-blogging, blogging, photo album, instant messaging, online personal advertisements, open courses, mobile news applications, e-reading, matchmaking, community forums; and various search functions, such as dictionary and cloud note-taking application.
In addition, it offers online advertising services that include banner advertising, channel sponsorships, direct e-mail, interactive media-rich sites, sponsored special events, games, contests, and other activities; e-mail services to individual and corporate users; and wireless value-added services, as well as e-commerce related services, such as online payment platform and personalized photo-based products.
Shares have formed a bullish "flag" following the company's strong quarterly results and guidance. Higher share prices are expected for this stock.
52-Week Trading Range: $37.00 - $77.48
Entry Point: $73.35
Stop Loss: $69.75
Target Price: $80.75
We are closing the NTES position at $78.50 after stock failed to reach +10% in 30 days. We do believe NTES is still a good stock.
Correction to the last update:
NTES Exit Price should have been $73.50 not what was listed in the previous update. We appologize for the typographical error!
