415.31 +0.73 (0.18%)
Pre-market: 6:04AM EDT
|Bid||416.30 x 2200|
|Ask||417.90 x 900|
|Day's range||412.21 - 425.00|
|52-week range||209.01 - 425.00|
|Beta (5Y monthly)||0.95|
|PE ratio (TTM)||62.17|
|Earnings date||05 Aug 2020 - 10 Aug 2020|
|Forward dividend & yield||4.64 (1.12%)|
|Ex-dividend date||11 Jun 2020|
|1y target est||436.11|
As of 3 p.m. EDT, the Nasdaq Composite (NASDAQINDEX: ^IXIC) was higher by about a quarter of a percent, and the Nasdaq 100 Index of top Nasdaq stocks saw slightly smaller gains. NetEase (NASDAQ: NTES) and Align Technology (NASDAQ: ALGN) were two of the most noteworthy Nasdaq stocks on Tuesday. Shares of NetEase climbed 4%, rising to another all-time record high.
Some global companies are considering shifting some of their treasury operations out of Hong Kong as the United States moves to end the city's privileges, senior bankers said, in the latest blow to the territory's status as a major financial hub. U.S. President Donald Trump has begun the process of eliminating special U.S. treatment for Hong Kong to punish Beijing's decision to impose new national security laws there - which China and Hong Kong say will not hurt rights and freedoms. Against the backdrop, a handful of global firms are eyeing a move of some of their corporate treasury operations to countries like Singapore, Malaysia, Thailand, and Vietnam, four senior bankers with knowledge of the matter said.
Standard Chartered has appointed Marc van de Walle, a senior executive from Asia-focused Bank of Singapore, as the global head of its wealth management business, which manages retail affluent clients. Van de Walle was most recently the global head of products at the Singapore-based private bank, a unit of Oversea-Chinese Banking Corp.
LifeAfter, a NetEase zombie survival game, lets players unite to rescue mankind from a post-virus apocalyptic world. NetEase now expects to raise as much as $3bn in a secondary listing in Hong Kong. Currently listed in New York, NetEase started placing shares on Monday ahead of a listing next week.
Gaming group NetEase will sell up to $3bn of shares in a Hong Kong secondary offering, in what could mark the start of a wave of Chinese companies raising capital in the city as tensions between Beijing and Washington simmer. NetEase, one of China’s biggest makers of online video games, began placing shares with institutional investors on Monday ahead of publicly listing its stock on Hong Kong’s bourse, according to a term sheet seen by the Financial Times. The company is set to list in Hong Kong on June 11.
NetEase (NASDAQ: NTES), the Chinese gaming company, has confirmed it's pursuing a secondary listing on the Hong Kong Stock Exchange. In a Securities and Exchange Commission filing, NetEase announced that it has filed a listing application with the Hong Kong Stock exchange. The Nasdaq exchange will remain the company's primary listing venue.
NetEase (NASDAQ: NTES) and JD.com (NASDAQ: JD), the two Chinese technology giants, are gearing up to list on the Hong Kong Exchange next month. NetEase will list on the Hong Kong Exchange via a secondary offering on June 11, sources told Reuters. NetEase is aiming to raise as much as $2 billion via the listing while JD.com could raise $3 billion, selling about 5% of its shares outstanding, reports Reuters.
The Nasdaq Composite (NASDAQINDEX: ^IXIC) fell 0.25% shortly after 11:30 a.m. EDT, faring somewhat better than the broader market in a familiar pattern. The Nasdaq 100 of larger Nasdaq-listed stocks fell by a similar percentage. At issue is a movement that's picking up steam, aimed at keeping Chinese companies from remaining listed on U.S. stock exchanges.
Chinese technology company NetEase plans to carry out a secondary listing on the Hong Kong Stock Exchange on June 11, which will be followed one week later by web retailer JD.com, four sources with direct knowledge of the matter said. The two transactions could raise a combined $5 billion, separate sources said, and the deals would be the largest for Hong Kong's equity capital markets so far this year. JD.com is expected to be the largest of the two deals with the likelihood it will sell 5% of its shares that could raise up to $3 billion, one source said, while NetEase is targeting a transaction of up to $2 billion, another source said.
At this time, I would like to turn the conference over to Margaret Shi, Investor Relations for NetEase. Joining us today on the call from NetEase's senior management is Mr. William Ding, Chief Executive Officer; Mr. Charles Yang, Chief Financial Officer; and Mr. Hilton Hui, Co-President of NetEase Games.
NetEase (NTES) first-quarter 2020 results reflect steady performance of online game services as users remained confined due to the pandemic and Youdou business.
NetEase's (NTES) first-quarter 2020 results are likely to reflect strength in online gaming portfolio amid coronavirus led-lockdown despite stiff competition.
Chinese technology group NetEase is set to become the next major mainland company to sell its shares in Hong Kong, two sources familiar with the matter said, in a secondary listing that one media report said could raise up to $2 billion. The company has appointed China International Capital Corporation (CICC), Credit Suisse and JPMorgan to lead the transaction, sources said, requesting anonymity because the information has yet to be made public. NetEease, Credit Suisse and JPMorgan declined to comment on the deal.
The New York Times Company (NYT) anticipates total advertising revenues to fall in the first quarter. The company has been grappling with declining print readership and soft advertising revenues.
Chinese e-commerce retailer JD.com Inc has hired Bank of America and UBS to work on a second listing in Hong Kong, the latest to join the queue of Chinese companies expected to follow Alibaba to trade closer to home, two people with direct knowledge told Reuters. Rival Alibaba warned in mid-February of a drop in revenues at its key e-commerce businesses in the first quarter as the coronavirus sweeping China hits supply chains and deliveries. Alibaba raised $12.9 billion in Hong Kong in November, which was the city's largest deal since 2010 and the world's biggest ever cross-border secondary listing, prompting a number of US-traded Chinese companies to follow suit, including online travel giant Ctrip and internet companies NetEase Inc and Baidu Inc.
HONG KONG/BEIJING, Feb 14 (Reuters) - China's ByteDance, the owner of video-sharing app TikTok, will appoint an executive to exclusively lead its nascent gaming business, sources said, signalling its growth ambitions in the sector and an intensifying rivalry with tech giant Tencent. Yan Shou, head of both strategy and gaming businesses, will focus wholly on gaming, as ByteDance sees gaming as the next important source of growth and plans to roll out a game like Honor of Kings, according to one of the people, asking not to be identified because the information isn’t public. ByteDance declined to comment.
The traditional approaches to retirement planning are longer covering all expenses in nest egg years. So what can retirees do? Thankfully, there are alternative investments that provide steady, higher-rate income streams to replace dwindling bond yields.
Vishay Intertechnology (VSH) fourth-quarter results hurt by high level of inventories in the global supply chain and declining average selling prices.