Macquarie analyst Marcus Yang said the recent share correction in NetEase is overstating higher opex and PC game slow-down concerns. Yang said NetEase's PC game sales are already lower than peers and a trade war should have a limited impact as nearly all of its sales are in the domestic China market. The analyst views NetEase as a "haven amid trade wars" and thinks now is a "good time to buy" shares. Yang rates NetEase a Buy with a $360 price target.
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