NTES(HK:09999) news flash·2025-05-12 03:25Core Viewpoint - Morgan Stanley reports that NetEase (09999.HK) is set to hold its 11th annual product exhibition on May 20, which could serve as a positive catalyst for the company [1] Group 1: Upcoming Product Exhibition - The exhibition aims to enhance visibility for NetEase's new game product line [1] - NetEase will showcase the development status of seven new games, including "Wanmin Changge: Three Kingdoms," "Wuzhu Xingyuan," and "Ling Shou Daj adventure," along with updates for over 30 existing games [1] - The event is anticipated to be a positive catalyst as most of the key new product releases for 2025 have already been disclosed [1] Group 2: Market Performance - The stock market is currently awaiting positive news for defensive stocks, which may benefit NetEase [1] - According to SenseTower data, NetEase's mobile game revenue during the "May Day holiday" increased by 8% year-on-year, outperforming Tencent Holdings (00700.HK) due to strong performances from "Yanyun Shiliu Sheng" and "Fifth Personality," along with a lower base effect [1] - Morgan Stanley maintains a target price of $117 for NetEase's U.S. stock and an "Overweight" rating [1]