Puhua International: NETDRAGON increases Shareholder returns, maintains "Buy" rating, Target Price 13 Hong Kong dollars.

Ping An International published a Research Report stating that NETDRAGON (00777) is increasing shareholder returns and maintaining a "Buy" rating, assigning a FY25E 7x P/E based on SOTP for its Business. Combining the Market Cap and net Cash value of Mynd.ai, the Target Price is set at HKD 13. The company's year-end dividend for 2024 is raised by 25% to HKD 0.5 per share, with an annualized dividend yield of about 10%, which is somewhat attractive. The main points from Ping An International are as follows: In terms of games, in the second half of 2024, the company proactively adjusted the ecology and payment strategy for its core Magic Domain IP from a long-term Operation perspective, observing a significant rebound trend in user activity, and the bank expects the company.

Sina Hong Kong StocksApr 28 02:37 ET

NETDRAGON: 2024 Annual Report

HKEXApr 23 04:30 ET · Announcements

[Brokerage Focus]浦银国际 maintains a "Buy" rating on NETDRAGON (00777), expecting the company to gradually benefit from demand driven by the device upgrade cycle in the future.

Jinwu Finance News | Pu Yin International's Research Reports indicate that NETDRAGON (00777) has proactively adjusted the ecology and payment strategy of its core Magic Domain IP from a long-term Operation perspective in the second half of 2024. This has caused a certain negative impact on game revenue in the short term, with a year-on-year decrease of 15% in game revenue for 2H24. However, at the same time, the company has observed a significant rebound trend in user activity, and the firm expects the game Business to stabilize quarter-on-quarter in the first half of 2025. Regarding product reserves, 'Codename-Dragon' is expected to be launched in the second quarter of this year, and the important product 'Magic Domain Rebirth' (Magic Domain Reset Version) is expected to be launched in the second half of this year, with the firm anticipating game revenue in 2H25.

Jingwu Financial NewsApr 16 03:29 ET

CMGE officially announced: Senior gaming expert Wang Chunye will serve as CEO for a three-year term.

According to a report from Sina Technology on the afternoon of April 10, recently, CMGE Technology Group Co., Ltd. (hereinafter referred to as CMGE) announced the appointment of senior game professional Wang Chunye as the company's co-CEO, effective from April 9, 2025, for a term of three years. Here is Wang Chunye's personal resume: Wang Chunye, 42 years old, holds a bachelor's degree in Computer Networking from Chengdu University of Information Technology, currently serves as the General Manager of LeMando Interactive Entertainment (Shanghai) Co., Ltd., responsible for Global distribution Operation and management of the distribution company formation. From August 2020 to December 2021, served as the head of the gaming business subsidiary of NETDRAGON.

Sina TechnologyApr 10 04:28 ET

CMGE Technology Names Co-CEO; Shares Rise 3%

MT NewswiresApr 10 01:49 ET

Hong Kong stocks movement | NETDRAGON (00777) rose over 5% in late trading. Institutions say the company's Business in games is stable, and the Education Business has potential market space.

NETDRAGON (00777) rose over 5% in the closing session, as of the time of writing, up 3.7%, priced at 9.82 Hong Kong dollars, with a transaction volume of 29.1306 million Hong Kong dollars.

Zhitong FinanceApr 8 03:37 ET