China growth and global non-US Internet equities

Blue Lotus Research Institute

Blue Lotus Research is a Hong Kong Type 4 Licensed investment advisory firm focusing on Chinese growth equities and global non-US Internet equities

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Analyst - Media&Entertainment Sector, Blue Lotus Research Institute

Stan Zhao

Analyst - Media&Entertainment Sector

Thematic (Sector/Industry)

Hong kong Software / Thematic (Sector/Industry)

<ul>
<li>Bilibili's &lt;Three Kingdom: MDTX&gt; achieved excellent results on its release day, leading us to raise our AGB estimation by ~20%.</li>
<li>Tencent's &lt;Naruto&gt; and &lt;Fight of Golden Spatula&gt; have seen a rapid rise in player reputation due to the success of recent events and operations, leading us to raise their estimates;</li>
<li>NetEase's &lt;Justice Mobile&gt; has experienced a decline in gross billings due to the game's lifespan, while pre-registrations for &lt;Where Winds Meet&gt; have reached a new high. We adjusted accordingly.</li>
</ul>


Bilibili's &lt;Three Kingdom: MDTX&gt; achieved excellent results on its release day, leading us to raise our AGB estimation by ~20%.
Tencent's &lt;Naruto&gt; and &lt;Fight of Golden Spatula&gt; have seen a rapid rise in player reputation due to the success of recent events and operations, leading us to raise their estimates;
NetEase's &lt;Justice Mobile&gt; has experienced a decline in gross billings due to the game's lifespan, while pre-registrations for &lt;Where Winds Meet&gt; have reached a new high. We adjusted accordingly.


Software

Online Game Monitor: June 2-16, 2024