NetEase: Deep Value Buying Opportunity?
NetEase(NTES) is a Chinese Internet technology company focus on online games, advertising, E-mail Services, and e-commerce.
Key Company Facts: * Vertical expansion in e-commerce since 2014 with a unique value proposition (focus on building a high-quality foreign goods platform) * Experiencing double-digit growth on revenue (41.7% in last year) * Top global mobile game developer
Challenge: * Highly dependent on the Chinese market * Shorter life cycle of mobile games comparing to Tencent * Trading in one year low for the past few weeks
Overall, could NetEase be a value play? Thoughts?
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