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Nimesh Jaiswal

Is NetEase a Good Chinese Stock to Own in 2022?

NTES NetEase BABA

NetEase, Inc. (NTES) provides online services focusing on international gaming, communication, and commerce. The stock has lost 20.1% over the past year to close yesterday’s trading session at $139.83. In addition, it is currently trading 24.5% below its 52-week high of $120.84, which it hit on May 21, 2021, due to the Chinese government’s crackdown on technology companies.

China's signal to pause the crackdown on the nation's technology sector might benefit NTES and other Chinese stocks, such as Alibaba Group Holding Limited (BABA). However, analysts slashed the earnings estimates for the Chinese technology giants like BABA for a second straight month amid the nation’s persistent goal of its Covid-Zero strategy. Overall, NTES is fundamentally better positioned compared to BABA.

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