Merrill Lynch raised the target price for bilibili (09626.HK) to 180 yuan due to the continuous strong momentum in gaming growth.
Bank of America Securities' research report pointed out that bilibili (09626.HK)(BILI.US) performed better than expected in the third quarter due to strong gaming performance. The bank believes that there is room for growth in the company's advertising business, will open up the ecosystem in e-commerce videos and live streaming ads, and plans to collaborate with e-commerce platforms and brands to attract more advertising budgets with joint promotional strategies. In addition, the bank also mentioned that profit trends will become the main driving factor of the stock price after achieving a balance between income and expenses. The bank believes that transitioning to gaming and advertising businesses, as well as improving costs, will help achieve a net profit margin of over 10% or an operating profit margin of approximately in the long term.
Barclays Maintains Bilibili(BILI.US) With Buy Rating, Maintains Target Price $24
Hong Kong stocks morning report on November 19: Hong Kong Exchanges and Clearing is preparing various optimization measures for mutual market access. Goldman Sachs predicts a 15% increase in the MSCI China Index by 2025.
① The Hong Kong Stock Exchange stated that it is preparing multiple optimization measures for mutual connectivity. ② S.F. Holding plans to issue 0.17 billion H shares through an IPO in Hong Kong. ③ Goldman Sachs expects the MSCI Chinese Index to rise by 15% by 2025. ④ Xiaomi's revenue in the third quarter increased by approximately 30% year-on-year.
U.S. stocks closed | The three major indexes showed mixed performance, with the Nasdaq ending its four-day losing streak; the "Trump trade" hype continues, with Tesla rising over 5%, and DJT surging 16%.
Small cap stocks turned higher in late trading, with the chip index also rising over 1%. Nvidia cut its earlier 3.4% decline in half, Tesla surged 8.7% at one point, Ehang rose nearly 10% before reversing to a 7% decline, Xiaomi Group's ADR rose nearly 6%, and Bakkt, which is in talks with Trump media for acquisition, surged over 160% before being halted temporarily. Oklo, backed by Altman, surged 23% at one point, leading the nuclear power stocks.
Asian Equities Traded in the US as American Depositary Receipts Rise in Monday Trading
Bilibili Is Maintained at Overweight by Barclays