Han Joon Kim sees the company delivering higher-than-his-estimated 15 percent earnings from improved gross margin for the e-mail/e-commerce business unit and the launch of new games such as "Minecraft" in the second half of 2016.
"We retain our Buy rating and believe the fundamental trends are strong, but we are also cognizant that the stock could tread water in the absence of a strong catalyst near-term," the analyst wrote in a note.
At the time of writing, ADRs of NetEase were down 0.68 percent at $171.78.
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