HSBC Starts PWRD at Overweight, SNDA, NTES at Neutral

An analyst at HSBC initiated coverage on stocks of several China-based stocks in the Computer Services (Gaming) sector today:

• Perfect World (Nasdaq: PWRD) with an Overweight rating and a $60 price target
  
• Shanda Interactive (Nasdaq: SNDA) with a Neutral rating and a $50 price target
  
• Netease.com (Nasdaq: NTES) with a Neutral rating and a $42 price target

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