Latest Search
Quote
| Back Zoom + Zoom - | ||||
|
<Research>G Sachs: Gaming Sector Fundamentally Unaffected by US Tariffs; Cross-Platform Game Releases to Become Trend
Recommend 7 Positive 20 Negative 10 |
||||
|
||||
|
Goldman Sachs has released a research report analyzing the gaming sector across different regions. The report covered 16 major game publishers in China, Japan, South Korea, and ASEAN, as well as 1,500 mobile games worldwide. It found that the gaming sector is fundamentally unaffected by US tariffs (excluding hardware), and is instead driven more by product lineup or the strength of classic games, which can partly explain why gaming stocks have outpaced the broader market YTD. Meanwhile, market expectations for new game or hardware launches are also heating up. In Goldman Sachs' estimate, global console or PC markets will accelerate growth this year, and ongoing cross-platform game releases will become the main trend going forward. It is expected that TENCENT (00700.HK) will offset the impact of a higher base in 2H25 with its strong classic games and a rich pipeline of upcoming titles, NTES-S (09999.HK) will offset the weak mobile trend in 1H25 with robust growth in PC and overseas markets, and BILIBILI-W (09626.HK) will perform in line with expectations this quarter, but attention should be paid to updates in its game lineup. Stock | Investment Rating | Target Price TENCENT (00700.HK) | Buy | $590 NetEase (NTES.US) | Buy | US$123 Bilibili (BILI.US) | Buy | US$23.7 AAStocks Financial News |
||||
Copied to Clipboard
 |
||||
