[ET Net News Agency, 17 July 2025] Nomura raised the target price for NTES (09999) to
HKD242 from HKD233 and maintained the "buy" rating.
The research house said it forecasts gross profit margin (GPM) improved 0.7pp y-y to
63.6% in 2Q, mainly due to likely expanded GPM of non-gaming businesses. (rc)